2 Nov, 2006
The major releases any forex trader should know about
Any fundamental trader should be aware of the major release and the time of their release. In most of the cases, the effects of the news on the forex market goes for a limited time. A wise trader will know what the best time would be to invest, while attempting to forecast the market's reaction to the reports. You must stay updated; I prefer to manage a calendar that reminds me which reports will be published on each week.
The major economic reports you should pay the majority of you attention to, no matter which country you invest in, are:
1. Interest rate decision
2. Manufacturing sector surveys
3. Inflation
4. Unemployment
5. Trade balance
6. Consumer confidence surveys
7. Business sentiment surveys
8. Industrial production
9. Retail sales
10. Consumer price or producer price
This is in a random order; the amount of impact of one report on another may change in each period of time. The second most important thing you should know after what are the major reports is to stay updated about what the forex market is focused on at that exact time frame of your investment.
Warning: fopen(/home/noelense/public_html/benrinaokaimono.com/cache/1784f9ec6db6f1387fac61e3b2fe75e2) [function.fopen]: failed to open stream: Permission denied in /home/noelense/public_html/benrinaokaimono.com/exchange/ex_func.php on line 128
Warning: fwrite(): supplied argument is not a valid stream resource in /home/noelense/public_html/benrinaokaimono.com/exchange/ex_func.php on line 129
Warning: fclose(): supplied argument is not a valid stream resource in /home/noelense/public_html/benrinaokaimono.com/exchange/ex_func.php on line 130
Warning: fopen(/home/noelense/public_html/benrinaokaimono.com/cache/f79f3e6f1cb38e916429e5eb38630006) [function.fopen]: failed to open stream: Permission denied in /home/noelense/public_html/benrinaokaimono.com/exchange/ex_func.php on line 128
Warning: fwrite(): supplied argument is not a valid stream resource in /home/noelense/public_html/benrinaokaimono.com/exchange/ex_func.php on line 129
Warning: fclose(): supplied argument is not a valid stream resource in /home/noelense/public_html/benrinaokaimono.com/exchange/ex_func.php on line 130
Warning: fopen(/home/noelense/public_html/benrinaokaimono.com/cache/c676a514c0fd617684973f0315745e98) [function.fopen]: failed to open stream: Permission denied in /home/noelense/public_html/benrinaokaimono.com/exchange/ex_func.php on line 128
Warning: fwrite(): supplied argument is not a valid stream resource in /home/noelense/public_html/benrinaokaimono.com/exchange/ex_func.php on line 129
Warning: fclose(): supplied argument is not a valid stream resource in /home/noelense/public_html/benrinaokaimono.com/exchange/ex_func.php on line 130
The reaction of the forex market to the report releases mentioned above can even last a few hours if not days. Research shows that after a day or two following the economic report's release, the reverse process of the currency movement begins, which lasts until the fourth day. Smart forex traders can generate a nice profit from the impact of the reports on the market and also from the reverse effect which comes after the impact. Study those reports and start trading like the experts do.
