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FOREX Analysis, Forecasts & Daily Market News

INVESTORS FOREX  One of the great advantages of trading currencies is that the forex market is open 24 hours a day (from 5pm EST on Sunday until 4pm EST Friday). Economic data tends to be one of the most important catalysts for short-term movements in any market, but this is particularly true in the currency market, which responds not only to U.S. economic news, but also to news from around the world. With at least eight major currencies available for trading at most currency brokers and more than 17 derivatives of them, there is always some piece of economic data slated for release that traders can use to inform the positions they take. Generally, no less than seven pieces of data are released daily from the eight major currencies or countries that are most closely followed. So for those who choose to trade news, there are plenty of opportunities. Here we look at which economic news releases are released when, which are most relevant to forex (FX) traders, and how traders can act on this market-moving data.

Tutorial: Top 10 Forex Trading Rules

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:


As you can see from these lists, the currencies that we can easily trade span the entire globe. This means that you can handpick the currencies and economic releases to which you pay particular attention. But, as a general rule, since the U.S. dollar is on the “other side” of 90% of all currency trades, U.S. economic releases tend to have the most pronounced impact on the market.

Trading news is harder than it may sound. Not only is the reported consensus figure important, but so are the whisper number and the revisions. Also, some releases are more important than others; this can be measured in terms of both the significance of the country releasing the data and the importance of the release in relation to the other pieces of data being released at the same time.

Empire State Manufacturing The New York Empire State Manufacturing Index in the United States decreased to 24.4 in September

Philadelphia Manufacturing Index Falls More than Expected 

Philadelphia Manufacturing Index Falls More than Expected The Philadelphia Fed Manufacturing Index in the United States fell to 22.3 in March of 2018 from 25.8 in February, below market expectations of 23. Nearly 37 percent of the manufacturers reported increases in overall activity in March, while 14 percent reported decreases. Philadelphia Manufacturing Index The index […]

In a message seemingly tailored to the Trump Administration’s focus on U.S. paramountcy, Mr. Girling also said the $8-billion (U.S.) pipeline project will strengthen U.S. energy security, support tens of thousands of direct and indirect jobs, and contribute approximately $3.4-billion to U.S. GDP. He noted that TransCanada employees live in 38 U.S. states where the Calgary-based firm operates, and the company is committed to working productively with stakeholders and tribal leaders. “The project is an important new piece of modern U.S. infrastructure that secures access to an abundant energy resource produced by a neighbour that shares a commitment to a clean and healthy environment,” Mr. Girling said. On Wednesday, Mr. Girling told an audience at the CIBC Whistler Institutional Investor Conference that the company has only just re-engaged with potential shippers to see if they’re still interested in committing to the project. Keystone XL was first envisioned in 2008, a time when crude oil prices topped $100 (U.S.) a barrel, and before Canadian oil producers faced intense competition from U.S. shale.

US Import Prices Rise 0.4%

US Import Prices Rise 0.4% US import prices rose 0.4 percent month-over-month in February 2018, beating market expectations of 0.2 percent and following a downwardly revised 0.8 percent advance in January. The price index for nonfuel imports advanced 0.5 percent in February, the same pace as in the previous month, boosted by higher costs for […]

Investors Forex Market Buzz 8.1.16

Forex Investors Buzz week ahead mar 12-18

Forex Investors Buzz week ahead mar 12-18 Forex Investors Buzz In the US, the most important releases will be inflation rate, retail trade, industrial production, housing data and the preliminary reading of Michigan consumer sentiment. Elsewhere, the UK government will publish its Spring Statement while the Bank of Japan will release its meeting minutes. Important […]