Below, we summarize the key economic reports and discuss
their impact on currency prices.
Key Economic Reports
Fundamental traders, economists, and market analysts gauge
economic activity by studying and interpreting economic
reports and readings released by companies and government
agencies. These news releases are available at a number of
online sites. We use www.ForexFactory.com, which is one of
the leading sites in the forex industry for news. On the front
page of its Web site there is a tab for “Calendar.” If you click
on that tab, it will show an extended list of economic releases
for the week and their expected impact. Releases with a red
icon have the highest expected level of impact. Another great
resource is www.munibondadvisor.com/EconomicIndicators.
htm, which links readers directly to the source for every
news release.
Figure 2-1 shows a summary spreadsheet of the most influential
news releases for the United States, including the typical
release dates and the net effect a release may have on the
U.S. dollar. Note that these are generalizations and cover only
one factor affecting currency prices. We do not recommend that
anyone trade ahead of a major news release, as the results can
be extreme and unpredictable.
The way traders react to these economic reports and releases
is always dynamic, and that is why they are covered extensively
on the financial news shows. Economic reports can reinforce
the existing trend as related releases confirm one another,
or the reports can contradict one another, which could indicate
Below, we summarize the key economic reports and discuss
their impact on currency prices.
Key Economic Reports
Fundamental traders, economists, and market analysts gauge
economic activity by studying and interpreting economic
reports and readings released by companies and government
agencies. These news releases are available at a number of
online sites. We use www.ForexFactory.com, which is one of
the leading sites in the forex industry for news. On the front
page of its Web site there is a tab for “Calendar.” If you click
on that tab, it will show an extended list of economic releases
for the week and their expected impact. Releases with a red
icon have the highest expected level of impact. Another great
resource is www.munibondadvisor.com/EconomicIndicators.
htm, which links readers directly to the source for every
news release.
Figure 2-1 shows a summary spreadsheet of the most influential
news releases for the United States, including the typical
release dates and the net effect a release may have on the
U.S. dollar. Note that these are generalizations and cover only
one factor affecting currency prices. We do not recommend that
anyone trade ahead of a major news release, as the results can
be extreme and unpredictable.
The way traders react to these economic reports and releases
is always dynamic, and that is why they are covered extensively
on the financial news shows. Economic reports can reinforce
the existing trend as related releases confirm one another,
or the reports can contradict one another, which could indicate
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