Forex Economic Calendar for News Trading and Day Traders

Make profit in Forex trading the News


In the Forex markets, major fundamental news is a major driver in the direction of the markets. Whether you intend to trade at the time of a major news release or not is a choice based on your own style and approach. Some traders make their entire living off of capitalizing on market reactions to major fundamental news while others steer clear altogether and make their income during slower and more stable market conditions. As in any financial market, Forex economic news drives the fundamental analysts of the currency pairs around the world, and will therefore cause major intraday price action. For long term traders (daily time frame and above), these moves rarely make a difference unless it happens to spark the beginning of a new long-term trend.

In general, Forex economic news affects those who day trade and scalp -- currency traders who rely on intraday price action to make entry and exit decisions. For some, news trading is a style unto itself. For others, the times scheduled for a major Forex economic news release or event is viewed as a span of 15 to 30 minutes to avoid trading altogether. Whatever your preference, it's worth noting that if you intend to trade around news time using intraday methods, it would be advisable to make sure your Forex broker allows news trading (or, at the very least, find out if your broker tends to widen the spread to ridiculous levels during economic news times.) As a rule of thumb, most MetaTrader 4 (MT4) based brokers either re-quote (avoids filling orders) or forbid news trading altogether. However, there are exceptions so find out about your own broker either way.

The most important and universal fact for online Forex traders to understand is that the scheduled times for major economic news and events will most often cause an increase in volatility (sharp rises and drops) on all currency pairs that involve the countries and governments related to the news or event. For example, economic news in the European Union will affect the Euro pairs like EUR/USD and EUR/JPY. Likewise, United States related economic news will affect all majors (pairs that involve the US Dollar.)

This Forex economic calendar shows the times and level of importance of every fundamental news announcements scheduled for release during today's global trading sessions. It should be the first thing that every Forex trader refers to before every currency trading session, especially for anyone who focuses on day trading who will likely be impacted the most.




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