Our information-packed blog section is perfect for busy investors needing fast access to the right sources of bullion market news and commentary. As I said in my previous article, traders mostly react to those pieces of news which are of high importance. However, those that consistently watch price action around news events will notice that mostly data from US and those countries which release their macroeconomic data during European and US sesions affects the markets. I could say that I knew what I was going to do. As I watched price action in Forex market I saw lots of movements around financial news events. At that time Non Farm Payrolls releases would cause certain currency pairs to move 200 pips within a few seconds after the announcement. Economic news from Canada (Bank rate decision) created huge moves in Canadian dollar pairs.
And then waited… 2 minutes before the news the price moved down and my sell order was opened and then when the news came it moved up so fast that my Forex broker was not able to close my sell order and open my buy order. Later I wrote a letter of complaint to the broker and he compensated the loss that I incurred due to his inability to close my position. But this taught me a lesson to be more carefull while trading economic news releases, limit risk and think of some alterntive strategies in trading Forex.
As I outlined in the Economic calendar I expected economic news from Great Britain to cause important moves in pound pairs. From the technical point of view there could have been other possibilities, but since the article is about economic news trading I am not going to expand on other trading systems. There wasn’t any significant economic or forex news on Monday that would cause bigger moves in currency pairs. When the report came out gbp/usd rallied and you would have easily made around 50 pips if you traded the news release.
This piece of forex news caused Canadian dollar to collapse across the board causing a reversal even in usd/cad, which was going down the week before. Though i trade on news sometimes but no forex trader should stand out to say that fundamental is best in forex trading. This free app is the most efficient way for financial advisers to access news and information – anytime and anywhere – about their business and industry. Breaking news stories and blogs about the broker-dealer, RIA and investment industries are delivered 24/7 directly to your tablet by InvestmentNews in this unique and user-friendly application. That is the reason why a market news platform is a reliable source to gain information.
I really like Investment News and this app is a necessity but I’ve had to delete and reinstall it several times because it stops updating after about a week. Financial news in India aired in television may not be sufficient for you as you will need a detailed overview. And if you miss a particular section, you will have to wait till the next news reading starts. Here you can read news at ease from the comfort of your space besides watching videos related to finance news.