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When you see the GDP growth rate of the USA is above compared to the UK’s growth rate, you can interpret it as a bearish signal for the GBP/USD. Similarly, https://www.quora.com/Any-reviews-about-the-DotBig-Forex-broker if you see a forecast where the GDP growth rate of New Zealand going down compared to the UK’s, it would be a bullish signal for the GBP/NZD.

  • At this point you should have the Forex Factory calendar in front of you with each news event synchronized with your local time.
  • You have the ability to read the news through your charts using strategies such as the pin bar and inside bar.
  • Get daily investment insights and analysis from our financial experts.
  • The day of the news is shown here, time of announcement is shown here, currency shows which counties this news has influenced.

Once you have everything set the way you want, click “Apply Filter” to begin showing only the events https://www.quora.com/Any-reviews-about-the-DotBig-Forex-broker and currencies you selected. After clicking “Filter”, you will get a screen like the one below.

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Here the trader can use some basic technical analysis of support and resistance to pre-determine entry and exit point for the trade before the news is released. Forex Factory found on the forexfactory.com domain is one of the best known resources and a famously reliable forex calendar on the web for trading the news. Or you can also click dates in the past and it also takes you to a page where you can see what news was released on the certain date in the https://www.reviewcentre.com/fx_trading/dotbig_-_wwwdotbigcom-review_14176924 past. Popular FX forum and financial news website Forex Factory has introduced a new alerting system that aims to better connect traders to the markets, and to each other. Specifically, thanks for mentioning the news calendar filter, so that we can focus only on high impact events. Once you start journaling your trades, it will attract like-minded traders to your thread. From there, you can exchange ideas and feedback to improve your trading together.

Nevertheless, anytime you see a forecast of growing CPI, it would be bullish news for the currency. For example, if the forecast for CPI of UK is 2.5% for a quarter, and the CPI of Australia remains at 1.5%, then it will have a bullish effect on the GBP/AUD. This column simply lists the Forex all the names of the news that are scheduled to be released. Take your time and dive deeply into Forex Factory trading environment with unmatched professionalism and productivity to become a serious player in the money market. Forex Factory is for professional foreign-exchange traders.

#9: Housing Data

Right after the actual column, you have the forecast column. The forecast column dotbig reviews shows you what economists were forecasting BEFORE the news was to be released.

forex factory news

For example, if Australia is going to make an interest rate announcement, any currency pair that is pegged to the Aussie Dollar will be impacted. Economic events help traders keep track of important financial announcements that may affect underlying economies and create price movements. All kinds of traders pay close attention to global events, as dotbig reviews such economic calendars are one of the key tools in their fundamental arsenal. By now you should know how to configure your Forex Factory calendar as well as how to manage news events. Let’s finish up this tutorial by discussing how price action plays a role in all of this. I personally like to focus on the medium and high-impact news events.

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