When looking at an economic calendar, the main thing to remember is that the price chart you see discounts all the prevailing news. The news indicator displays on the MT4 chart the date and time of the upcoming macroeconomic statistics release affecting the Forex market.

For example, if Australia is going to make an interest rate announcement, any currency pair that is pegged to the Aussie Dollar will be impacted. News based trading also partly focuses on the often used phrase of buy the rumor, sell the news. In this method, the markets tend to rise in anticipation of a major news event only to sell off after the release. This is a commonly occurring http://mr.kuchewar.com/dotbig-com/ phenomenon especially around some of the high impact events. For example, if you look to an economic calendar such as Forexfactory.com you will find that the news events are categorized into different types of events. Some are high impact events while others are low impact events. Forex traders compare the actual data result with the forecast as well as the previous reading.

Forex Factory News App For Android

“The yen has weakened overnight following the BoJ’s latest policy meeting resulting in… USDCAD makes new low but momentum fades The USDCAD moved to a Forex news new 2 month low after breaking below the low from yesterday at 1.2485). By Gertrude Chavez-Dreyfuss NEW YORK -The dollar slid on Wednesday, with U.S.

forex factory news

When you do this, the rest of the times in the economic calendar automatically changes. This gives you the economic event schedule in your local time, so it is easier to follow. Now that we know what is Dotbig.com an economic event and what is a forex economic calendar, let’s go into the details of the forex factory economic calendar. Forex factory is a trading forum where traders share and discuss their ideas.

Forex Economic Calendar

The forex factory calendar has become one of the most popularly used economic calendar when it comes to forex trading. The forexfactry.com calendar is free to use and a valuable resource when it comes for keeping a track on the currency markets.

forex factory news

This section contains news related to the forex world but also includes topics such as politics, technology, entertainment, finance that may affect forex trading. All the latest news will be updated in that tab, and you can click on any news you wish to read. However, users can https://twitter.com/forexcom?lang=en also submit any news to list it in the news factory forex. The first step is accessing the forex factory economic calendar though clicking the Calendar tab. The forex factory calendar tab will give you all the past news events and the upcoming events with the ongoing ones.

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