Where to find forex news & how to interpret news

 Where to find forex news

You can find Forex news allover online just get to Google, Bing, Yahoo, Baidu, Ask.com and search for Forex news. You will get all you want to know.

In addition,

There are lots of Forex websites online and platforms that provide Forex news. As long as you search, you will not get disappointed.

You can also access Forex news live through TV channels like Bloomberg TV,CNN, Fox Business, CNBC, MSNBC, and even BBC.

To some extent, most Forex blockers provide their clients with Forex news and data on their trading platform as news feed or sometimes sends notifications to traders.

This makes information cheap and easy to access, therefore you can use it to your advantage.

You can find forex news that influences the market fully from the economic calendar

The economic Calendar

The economic calendar shows details of upcoming economic news event release. It includes speeches, interest rate meetings and any other fundamental information.

News is scheduled in advance.

You can easily see the previous news, today’s, tomorrow even for a full week. This way, you just click on the period of your interest and them mark your calendar.

The calendar shows news and the specific time for the release, the previous data, expected data and the actual data.

 It gives you a chance to know the big news announcements ahead, currencies and news impact on those currencies.

Interpretation of the news

Knowing how to read the Forex economic calendar properly is important to maximize your trading opportunities following the most important releases.

It also saves you big losses as a result of large price movements, slippages and big spreads in periods of news release.

The economic calendar shows the previous data of an event, the expected data and the actual data.

You compare the three data events to gauge how the market will react following the news release.

Positive data release.

 When the data release is positive and higher than expected, we expect the market to go more bullish.

On the other hand, if it is lower than expected the market becomes more bearish.

Higher than expected data indicates future currency appreciation therefore more traders buy that currency. The opposite is true.

 Negative data release

The negative values such as unemployment, lower than expected is bullish while higher than expected is bearish.

Lower values of unemployment is a signal that more employment in an economy hence increase of people’s wages.

This increases demand of goods and services hence economic boom and currency appreciation.

On contrary,

A higher than expected value on unemployment rate, indicates that the economy has more people with unemployment.

Unemployment slows down the economic growth and this not good for the currency value.

You can interpret news depending on the impact it brings on the economy.

Some news announcement are more chaotic than others.

You should always concentrate on the most fundamental news such as adjustment in interest rate, GDP, unemployment rate to mention but a few, NFP.