When Are News Releases Issued?
We have taken the EST time zone as the standard, at which the most important economic releases for each of the following countries are published. These are also the times at which you should pay close attention to the markets if you plan on trading news releases.
What Are the Key Releases?
When trading news, you first must know which releases are actually expected that week. Second, it is key for you to know which data is important. These are the most important economic releases for any country:
Interest rate decision
Retail sales
Inflation (consumer price or producer price)
Unemployment
Industrial production
Business sentiment surveys
Consumer confidence surveys
Trade balance
Manufacturing sector surveys
How to Trade Forex on the Economic News?
To trade on the news, you should get access to the global economic calendar that is usually published in the Forex market a week before the opening of the market. You can find on Forex4you the economic calendar, which is a free feature to help your Forex trading. This calendar gives detailed information on the various economic news and government policy briefings that will be periodically released over the course of the Forex trading year and is adjusted based on the prevailing economic conditions.
The correct usage of this news depends on the interpretation of the following events:
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The actual event
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The consensus
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The previous meaning
If the data that finally comes in support of the investor sentiment, then there will be a very small change in the trends. If the data is different from the prediction, then the reaction will be equally drastic. The online trading market will show a spike corresponding to the difference in the news. Whenever the news is better than the prediction, a buy is recommended. This goes for the opposite scenario, while the news fails to meet the predictions, a sell is recommended.
