Best Forex News Trading Strategies

Why Forex News Trading?

As the world’s largest financial market, forex currency is sensitive to various economic news releases. News events have great impact on the intra-day currency fluctuations. Key events might initiate a relative longer term effect as well.

Key News Releases

There are eight major currencies traded around the world, U.S. Dollar (USD), Great British Pound (GBP), Euro (EUR), Japanese Yen (JPY), Australian Dollar (AUD), New Zealand Dollar (NZD), Canadian Dollar (CAD), and Swiss Franc (CHF). Since U.S. dollar is traded against the rest of the majors, the following U.S. forex market news are considered important forex trading news, hence are closely watched by forex traders around the world.

* Unemployment Rate (Non-Farm Payrolls)
* Interest Rate (FOMC Statement)
* ISM Manufacturing PMI
* Ism Non-Manufacturing PMI
* Pending Home Sales
* Trade Balance
* Consumer Price Index (CPI)
* Producer Price Index (PPI)
* Existing Home Sales
* New Home Sales
* Pending Home Sales
* Consumer Confidence
* Durable Goods Orders
* GDP

Traders can either use paid services provided by Reuters or Bloomberg to access real time forex news, or just use free forex news online like Forex Calendar.