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Chapter 21, Part VI. News Impact. Page 3

Discussion in 'Complete Trading Education- Forex Military School' started by Sive Morten, Dec 22, 2013.

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  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Economic Calendars

    Macro data, so as central bank meetings and rate decisions usually happens not occasionally but strictly in accordance with some schedule. This schedule calls Economic Calendar. It shows for some time in the future date and time of release, what number is expected, and what number was during previous release and was it revised or not. Some calendars also have short description of macro data. For instance, yahoo calendar: Economic Calendar: Financial Calendars - Yahoo! Finance But this one is dedicated to US only.


    Also we can recommend our calendar at the FPA - - Forex news trading calendar with economic events analysis and currency exchange charts that we make day by day not only for the US but for all macro data that should be released during today’s trading session. Also we have particular trading recommendations, depending on the fact number and how it will be different from expectations here:
    Current Forex Trading Signals

    and descriptions of different macro statistics:

    Economic Indicator Descriptions

    So this is a huge help to traders, since they are planned for some months forward and you know what particular event will be released with certainty. Don’t forget to update the time zone, just to not miss it! They are extremely important since you may get information about the market’s expectation on some data, and be prepared for its release in time. Data, as a rule leads to short-term price movement right after and even right before the release as to some move in medium term perspective, when investors put that data in some fundamental overall picture.
    Pipruit: But Sir - How to structure all this stuff?
     
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