News
What we'll learn
- How to be aware of upcoming economic news releases and earnings reports
- How to use the news calendar or earnings report website
- How to understand which news releases affect which instruments, and how much potential move to expect
9 phrases to know
- Economic Indicators: These are statistical data points that provide insights into the health and performance of an economy.
- Central Bank Decisions: Central banks decisions play a crucial role in monetary policy, such as monetary policy statements.
- Non-farm payrolls (NFP): This refers to monthly employment report released by the US Bureau of Labour Statistics.
- Inflation Rate Decisions: Central banks' set interest rates as part of their monetary policy and they can impact currency valuations and market sentiment.
- Inflation Data: Inflation measures the rate at which the general level of Prices for goods and services is rising and, consequently, eroding purchasing power.
- Gross Domestic Product (GDP): GDP is ak key measure of economic activity and represents the total value of goods and services produced within a country.
- Speeches by Government Officials: Public speeches by government officials can provide valuable insights into the economic policies and outlook of a country.
Use an economic calendar
- https://www.forexfactory.com/calendar/
- https://www.investing.com/economic-calendar-/
- https://www.fxstreet.com/economic-calendar
For earnings reports
- Trading View
- https://seekingalpha.com/earnings/earnings-calendar
- https://www.benzinga.com/earnings
- https://www.investing.com/earnings-calendar/
When not to trade.
| Pattern | Trade Timeframe | News Stars | Hours to Block |
|---|---|---|---|
| H&S | 15 minute | 2 | 3 |
| H&S | 15 minute | 3 | 3 |
| H&S Forex | 1 hour | 3 | 8 (recommended) |
| H&S Forex | 1 hour | 3 | 8 |
| H&S Stocks | 1 hour | Earnings | 48 |
| H&S Stocks | 4 hour | Earnings | 48 |
| M&W | 1 hour | 2 | 2 |
| M&W | 1 hour | 3 | 3 |
| M&W | 4 hour | 2 | N/A |
| M&W | 4 hour | 3 | 3 |
In Forex Factory, 2 star == Orange, and 3 star == Red
Filter for this week.
Why not trade ? Institutions use the news to wipe out orders and get liquidity, especially around news events.
Key points
- Be aware of upcoming news releases
- Use a good economic news calendar
- Understand what releases affect which instruments and which events have the potential to move the markets the most
- Understand how far ahead you need to look.
- Experience counts.