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Trading With News Releases

Forex market is opened 24 hrs which is a key advantage of currency trading; it is opened from 5pm EST on Sunday until 4pm EST Friday. For short-term movements in any market Economic data plays an important role, this is true in currency market, it not only responds to the US economic news, but also from the news around the world. In Forex trading there are 8 major currencies available for trading with most of the currency brokers and derivatives 17 of them, during the release a part of economic data is released through which a trader can inform before taking any new position. Most closely followed by the 8 major curriencies or countries not less then 7 pieces of data are released daily. There are many opportunities for people who choose to trade through news. From the news released we look which warta ekonomi release are there which are equivalent to the Forex market, and how trades act on the moving data.

News released for trading is not so easy what it sounds. The reported figures are not only important, but apart from it the revisions and the whisper numbers are also important. Some releases are much more important than the other news released; it can only be understood in terms significant both the country releasing the data and the importance of the release with relation to the other pieces of data released at the same time.

When Are News Releases Issued?

The approximate timing (EST) has been listed in Fig.1 at what time economic releases which are important for each of the following countries are published.

Country

Currency

Time (EST)

U.S.

USD

8:30 – 10:00

Japan

JPY

18:50 – 23:30

Canada

CAD

7:00 – 8:30

U.K.

GBP

2:00 – 4:30

Italy

EUR

3:45 – 5:00

Germany

EUR

2:00 – 6:00

France

EUR

2:45 – 4:00

Switzerland

CHF

1:45 – 5:30

New Zealand

NZD

16:45 – 21:00

Australia

AUD

17:30 – 19:30

What Are The Key Releases?

You should first know when trading news is going to released and actually what do you expect the market that week. The calendar provided by Daily FX is very comprehensive, apart of this there are many ways to do this. Which data is important is a key for you secondly. Calendar provided by Daily FX releases the figures and also the important releases. As these are the most important figures or data for the economic release for any country generally discussed.

1. Interest rate decision

2. Retail sales

3. Inflation (consumer price or producer price)

4. Unemployment

5. Industrial production

6. Business sentiment surveys

7. Consumer confidence surveys

8. Trade balance

9. Manufacturing sector surveys

Which Currencies Should Be Your Focus?

The following are the eight major currencies:

1. U.S. dollar (USD)

2. Euro (EUR)

3. British pound (GBP)

4. Japanese yen (JPY)

5. Swiss franc (CHF)

6. Canadian dollar (CAD)

7. Australian dollar (AUD)

8. New Zealand dollar (NZD)

This is just a sample of some of the more liquid derivatives based on the currencies above:

1. EUR/USD

2. USD/JPY

3. AUD/USD

4. GBP/JPY

5. EUR/CHF

6. CHF/JPY

It can be easily viewed from the list above, that span the entire glob and currencies which can be easily traded. This means that you can pay particular attention to the economic release and the particular currency which you have to trade. The U.S. economy release tend to be leave most pronounced impact on the market, as on the other hand U.S. dollar of all the currency traded is 90% as being a genera rule.