News Trading
June 23, 2007
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Each month, approximately 50 important economic reports and speeches from government officials are released out of United Kingdom, Canada, United States, Australia, New Zealand, Euro Zone, and Germany. These include Consumer Price Index (CPI), Non farm Payroll (NFP), Trade Balance, Retail Sales, etc. Before each report is released economists at major banks and financial institutions estimate the number for a particular report. This estimation can be found under the heading Forecast in the Economic Calendar. Once the number is released the market adjusts the price of a currency pair based on the data that was released. This adjustment usually comes in a form of a violent move (30-100 pips) in one direction or the other.Figure 1 shows a huge spike down in the GBP/USD pair after the Non farm payroll data was released on January 05, 2007.  Figure 1. A spike in GBP/USD after the Non farm Payroll release on January 05, 2007 Not all reports move the market. Only the most important reports have the have the capability of moving a specific currency pair 30 pips to 120 pips in the first hour after the realease. SFS *The Views and opinions represented in the provided website links and resources are not controlled by the Referring Broker or the FCM. Further, the Referring Broker and the FCM are not responsible for their availability, content, or delivery of services. is a free service and it provides a comprehensive list of the most important economic reports and how to trade them. As a free member every day you receive signals about potential profitable trades the next day. I personally trade these signals and have made a lot of pips with them. Many of these trades are posted here at ForexSource. Also SFS site has an educational center with a lot of good Forex information. If you are new to Forex, you will probably learn quite a bit in this area. If you are an experienced trader it will also be beneficial fo you. To sign up for free SFS news trading signals go to the Secret Forex Society *The Views and opinions represented in the provided website links and resources are not controlled by the Referring Broker or the FCM. Further, the Referring Broker and the FCM are not responsible for their availability, content, or delivery of services. web page and click on Join. Put your email on the waiting list and usually within an hour you’ll recieve a confirmation email and you’ll start recieving daily news signals.
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