Total nonfarm payroll employment rose by , in May, and the unemployment rate declined by percentage point to percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in public and private education, and in Real-time Forex News and the latest trading updates. Stay updated on the latest news about currencies and commodities markets View our fast-updating and interactive economic calendar for important events and releases that affect the forex, stocks and commodities markets. News & Analysis at your fingertips. Install
Economic Calendar
In the fast moving world of currency markets where huge moves can seemingly come from nowhere, it is extremely important for new traders to learn about the various economic indicators and forex news events and releases that shape the markets.
Indeed, quickly getting a handle on which data to look out for, real important forex news events, what it means, and how to trade it can see new traders quickly become far more profitable and sets up real important forex news events road to long term success.
Trading technical chart patterns can be extremely profitable but one must always be aware of the fundamental story which is ultimately driving the markets. The decision they have to make is whether to leave rates unchanged, raise rates or lower rates and the outcome of this decision is extremely important to the currency of the economy and as such, to traders. An increase in rates is generally seen as bullish for the currency meaning it will increase in value and a decrease in rates is generally bearish for the currency meaning it will decrease in value whilst an unchanged decision can be either bullish or bearish depending on the perception of the economy at the time.
This is also where monetary policy is announced, which concerns vital matters such as the implementation of QE, which we explain thoroughly in our Forex Mastercourse. Some of the best trades you can make come from rate decisions, for example, since the ECB cut the EuroZone rate to 0.
GDP The Gross Domestic Product is an important indicator of economic health in a country. When GDP falls below market expectations, currency values tend to fall and when GDP outdoes expectations, currency values tend to rise. CPI Inflation Data Consumer Price Index is the most widely used inflation measure out of the various economic indicators. The index gives information about the historical average prices paid by consumers for a basket of market goods and highlights whether the same goods are costing more or less for consumers.
Central Banks monitor this release to help guide them in their rate and real important forex news events setting. If inflation is seen to be evident, and moving beyond a certain target then interest rate rises are used to counter this. In NovemberCanadian CPI beat market expectations of 2, real important forex news events. Unemployment Rate The unemployment rate of a country is crucial to markets given its importance to Central Real important forex news events as an indicator of the health of an economy.
Higher employment leads to interest rate rises as Central Banks aim to balance inflation with growth and as such this figure draws huge market attention from traders. Alongside the Unemployment rate the two most important labour statistics are the US ADP and NFP figures released each month with the NFP taking prime position. This figure is so important we do an NFP preview each month giving you our analysis on the release and how to trade it.
The ADP data is considered an important predictive tool for the NFP as it is released beforehand. FOMC meetings can cause huge market volatility as seen on March 18th when EURUSD spiked up pips in a matter of minutes as markets perceived the meeting to be USD negative.
These Central Bank meetings are where we also learn about any changes in monetary policy, such as the announcement of quantitative easing. This is extremely important to currency traders and we explain this topic fully within our course. Since the ECB announced their latest QE program on Jan 22nd of this year, EURUSD has fallen by over pips The key thing with all economic indicators and news releases is not just what the actual release means but how the market anticipates the release and subsequently reacts to it, this is where the trading opportunities are created.
It can be extremely difficult for new traders seeking to trade news events as the volatility and uncertainty can be overwhelming, fortunately we have a fantastic suite of indicators which are perfect for trading news events.
All comments, real important forex news events, charts and analysis on this website are purely provided to demonstrate our own personal thoughts and views of the market and should in no way be treated as recommendations or advice. Please do not trade based solely on any information provided within this site, always do your own analysis. Tension with the EU amid Northern Ireland barriers hurt the pound.
UK Q1 Gross Domestic Product expected to be confirmed at US Treasury yields seesawed within familiar levels, held at the lower end of the range. Gold broke below last week's horizontal range on Tuesday. Broad-based USD strength makes it difficult for gold to stage a decisive rebound. Shiba Inu is ready to jump higher. Pure technical, SHIB has the ascending trendline that has pushed SHIB higher. Market entering the strongest period historically for equities, the first half of July.
Crypto stocks take over from big tech and meme as the hot names of the day. Discover how to make money in forex is easy if you know how the bankers trade! In the fast moving world of currency markets, it is extremely important for new traders to know the list of important forex news Chart patterns are one of the most effective trading tools for a trader.
They are pure price-action, and form on the basis of underlying buying and The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams real important forex news events becoming frequent.
Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. So, how can we avoid falling in such forex scams? Trading is exciting.
Trading is hard. Trading is extremely hard. Some say that it takes more than 10, hours to master. Others believe that trading is the way to quick riches, real important forex news events. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process. LATEST FOREX NEWS Forex News Institutional Research.
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How to trade the news - 3 powerful strategies
, time: 12:569 Top Forex News Sites That You Should Be Reading - Forest Park FX
View our fast-updating and interactive economic calendar for important events and releases that affect the forex, stocks and commodities markets. News & Analysis at your fingertips. Install Aug 10, · The Forex news events which have high moving potential are important; you need to focus on those important news events to be able to take advantage of them. It is also important to remember that most watched news and biggest movers come from the United States. So, let us look at some of the important news events that you need to focus on. blogger.comted Reading Time: 5 mins Total nonfarm payroll employment rose by , in May, and the unemployment rate declined by percentage point to percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in public and private education, and in
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