Trade Forex Market News

[joenews]

January 17, 2012

Live chat room trade was UK CPI and EUR ZEW.
Market was expecting 4.2% Y/Y on UK CPI and -49.2 German ZEW

actual number released was 4.2% UK CPI and -21.6 on German ZEW

Since UK CPI came in about as expected we placed a HOLD on that report
however we traded the German ZEW 30 minutes later and BUY on EUR/USD since the
reported numbers hit our trigger number.

Our chat room call was a (HOLD) on UK CPI and (BUY) on German ZEW.

EUR/USD moved up approximately 30 plus pips after the German ZEW report and then eventually rolled
over to retest the 1.2710 area.


News Daddy
Trade Forex Market News

 

[Patricia12]

I also observe forex market news before to trade sometimes trade forex news as well but it is only one parameter that help me to take decision about trading.

 

[joenews]

Are you trading US jobless claims tomorrow? Read this first.

Thursday, January 19, 2012 we will be trading the weekly US jobless claims economic announcement.
As with most economic announcements/indicators, the importance changes with market cycles.

There are actually times when the jobless claims numbers are less important than other times.
At the present time however it is a good idea to keep track of the weekly jobless claims but
it's best to be paying attention to the overall trend rather than get too focused on any
individual weekly report.

Also keeping in mind that seasonal influences can have an impact on this number such as holidays.

Last week's initial claims numbers were actually revised to over 400,000 and this is
a very important level. And if this trend continues it could highlight specific patterns
or trending directions.

It is also important to be aware of the "current threshold level" because this could
help confirm employment growth or the lack of it. For sample if jobless claims continue to
print a number of above the current threshold level it would obviously point to
employment growth slowing rather than an uptick.

Please keep in mind that the release of other reports and information should be taken
into consideration when one report at a time like this, as there is often other data that
when released at the same time can mix the market sentiment.

Lastly, most traders will tell you that a considerable change in the reported numbers
are at least 30,000 to 60,000 up or down from the expected number.
Anything less can be merely price fluctuation.


Good luck trading tomorrow,

News Daddy
Trade Forex Market News

 

[joenews]

January 20, 2012

Italian industrial new orders beat what the market was expecting
printing 0.1% versus the expected -2.4%
this, in addition to comments released from Greece
help to move price back up and bounce off of the 1.2900 level.
This report is not a favorite one of ours to trade however
since economic data/reports are used as another form of
confirmation and additional trading opportunities,
we keep an eye on all announcements if we are currently in a trade.

GBP retail sales was the first report of the morning we were looking to trade.
This number came out as expected printing 0.6%
compared to the expected 0.6%.
As with the Euro/USD, GBP/USD continued to move higher after finding
some support and bouncing off of the 1.5660 area.

Our final trading opportunity was with the Canadian
CPI and wholesale sales numbers
CPI printed -0.6 versus the expected -0.1
core CPI printed -0.5 versus the expected -0.3
wholesale sales printed minuses are .4% versus the expected 1.0%
this created an opportunity for us to trade and take approximately
15 to 20 pips on the initial reaction after the news was delivered.

Trading the news will oftentimes create an equal opportunity for all to trade
because theoretically no one should know the data prior to the moment it is released.



News Daddy
trade Forex market news

 

[Jakinda]

Tired of complicated, proprietary Forex trading formulas and the endless barrage of technical indicators no one seems to understand? You are certainly not alone. The Foreign Exchange Market, in its most basic form, is really quite simple. It doesn't consist of magic wands, potions, or secret handshakes. You do not have to be an economist, political analyst, or mathematician to grasp it.

 

[jonstevens85]

January 27, 2012 at 7.30

EUR/ US Dollar Analysis

Sell @ 1.31
stop @ 1.315
targets @ 1.304 and 1.301

View attachment new27jan.bmp

 

[angelnish]

I also observe forex market news before to trade sometimes trade forex news as well but it is only one parameter that help me to take decision about trading.

 

[LiveForexTrading]

A good friend of mine that has been trading for over 10 years full time ONLY trades the news.

He believes that it is the most accurate way to trade. He doesn't hold positions long term, the trades are basic scalps, but he absolutely kills it.