The price of Gold extended downside movement on Monday, dragging the precious metal to less … Key Points Gold looks like trading near Forex news an important area, as there are crucial levels on … The Euro rose against the US Dollar on Wednesday, increasing the price of …

forex factory news

Trading the news is a basic trading strategy that is accessible to beginner traders as well as experienced traders but time and practice is needed to get it right. A demo trading account provides the perfect venue to practice such a trading strategy before trading live.

Forex Factory Calendar Feature #9: Previous

Forex Factory is very different from other forex trading sites. First and foremost, the Forex Factory platform does not attempt to sell its clients anything related to trading on the foreign exchange market; this site has no ads whatsoever. Instead of focusing on selling their users https://finviz.com/forex.ashx something that they don’t really need , Forex Factory’s creators chose to focus on educating traders and helping them become better at what they do. Before trading the news, the forex trader might do well to read market analysis about the Canada CPI data release before it comes out.

  • Therefore, you should avoid creating multiple usernames to promote your site.
  • Longer term traders who use swing trading strategies, probably won’t worry too much about the daily news events like a day trader would.
  • Get the latest fundamental analyses, technical analyses and the most up-to-date Forex news catered to your interests, everyday.
  • The Forex Factory calendar economic is made up of a list of forex-related news events that are scheduled to take place soon.

You will also be able to see the next scheduled release and other information worth reading. Now that you know what an economic event is, the next thing to look at is what is a forex economic calendar. Sometimes, a currency can appreciate even when the interest rates are low. This happens when a central bank engages in stimulus programs in order to boost its economy. When an economy is doing good and is steadily expanding with inflation staying stable, the central bank can afford to hike interest rates. When interest rates are higher, relative to another economy and thereby its currency, investors flock to the currency which offers higher interest rates. While global Forex markets are interconnected, the US economy is still the largest economy and as a result, has the most important economic events.

News Tab On Forex Factory

Certain risk management parameters should also be decided before the example trade in USD/CAD. This can be done with a price chart like those available on the FlowBank trading https://djinni.co/r/89430-hr-specialist-at-dotbig/ platform. GBP/USD would be affected by GBP announcements and EUR/USD affected by EUR announcements etc – and all will be affected by USD announcements such as US GDP data.

Besides the calendar you will find the latest news related to the economic releases and much more. Usually at monthly intervals, central banks around the world meet to set interest rates and discuss policy plans going forward. Whether they raise rates, leave dotbig testimonials rates unchanged or lower rates all depends on the performance of their respective economy and how effective any decision would actually be. These are scheduled events that affect entire markets or specific markets related to our tradeable instruments.