Trading The News
News is used to Inject Volatility.
One of the most difficult ways to trade is to try to trade News Releases.
The Internet is littered with so-called robots or programs designed to quickly give you trading profits on the kneejerk reaction to the News (this is pure gambling)
We can never know for sure what the numbers will be in the reports; we don't guess
However, we can wait for the release and watch the reaction, and many times, a signal will form shortly after the release (within 5 minutes after release)
Many times price will trade counter direction to the intended news hawks
Use News for injections volatility and to fuel trade ideas based on price action
KEY ECONOMIC RELEASES
UK – THE POUND
BOE Rate Decision
Retail Sales
Consumer Prices
Claimant Count
GDP (Gross Domestic Product)
Industrial Production
US – THE DOLLAR
The Federal Reserve Rates
Retail Sales
Consumer and Producer Prices
Non-Farm Payroll (NFP)
GDP (Gross Domestic Product)
Trade Balance
Consumer Confidence Reports
Service and Manufacturing ISM
GERMANY – THE EURO
ECB Rate Decision
Germany IFO (Business Confidence)
Germany Unemployment
Germany Consumer Prices
Germany's GDP (Gross Domestic Product)
Manufacturing and Service Sector
Last updated