and the inflation reports. (A pip is the smallest measure of change in a currency pair in the forex market. . And the rest of the world. Consumer confidence surveys. It has to be said that the impact of some news items change as the socio-economic demographics of a nation changes. As you can see from these lists, the currencies that we can easily trade span the globe. 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. Second, it is key for you to know which data is important. It is not recommended for beginners to trade the US Employment Data because of the complexity of the trade; some level of experience is needed to pull this trade off successfully.
This means that the.S. Dollar is a participant in about 90 of all forex transactions, which makes.S. News and data important to watch. With that said, lets take a look at some of the most volatile news for the.S. In the fast moving world of currency markets, it is extremely important for new traders to know the list of important forex news.
Ecb forex, Standard bank forex order,
These are the eight major currencies:. Trading, forex Currencies, one of the great advantages of trading currencies is that the forex market is open 24 hours a day, five days a week (from Sunday,.M. In general, the biggest trends are after the official release of the data following press conferences, which are translated made available live on the Internet. When there is more money in consumers pockets, they will spend more. Medium Impact News: Here we have the housing statistics and trade balances. Australian dollar (AUD). For example, unemployment may be more important this month than trade or interest rate decisions. Japanese yen (JPY). Providers of websites for trading forex often include the economic calendar, giving indications as to whether the impact of a data or news will be high, low or medium.