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Retail sales reports are usually issued on a monthly basis and market analysts consider it as a leading macroeconomic indicator. When consumers feel safe and secure about their jobs, they tend to spend more on durable and non-durable goods, which boosts transactions and creates value. In terms, retail sales can be a https://www.investopedia.com/articles/forex/11/why-trade-forex.asp pretty good indicator of future the GDP growth rate. Furthermore, low energy price means more disposable income will be left to consumers and it can create demand for goods and services, boosting sales. Hence, when OPEC increases production, it tends to increase GDP growth in the U.S., which has a large oil reserve.
Commodity Currencies Track Futures Markets Lower
Follow breaking news on global financial markets with our real-time news feed. Access forex news live and read about the latest Forex trends affecting commodities, indices and more. Forex Factory is more than just a place to find new trading strategies.
- As a rule of thumb, expectations of rising interest rates fuel higher currency valuations, while the opposite holds for expectations of lower rates.
- Depending on your choice, you can choose to see either all or only high impact news releases.
- An important thing to understand is that the markets are always forward looking.
- This type of trading strategy is known as ‘forex news trading’.
- This is ideally used by professional or experienced traders.
You will also be able to see the next scheduled release and other information worth reading. A forex economic calendar will show this in what is called the market expectations. To put this in another way, technical analysis is https://editorialge.com/dotbig-ltd-review/ the method of predicting future price based on past price history. Fundamental analysis on the other hand explains the factors behind driving the prices. Inextricably linked to the news are the pin bar and the inside bar.
Real Time News
It is, therefore, to get to grips with the Forex Factory calendar to minimize your risk in the same way that big money traders do as a matter of course. Due to its inherently international nature, the forex market dotbig website is highly sensitive to significant geopolitical events. What microeconomics and indicators tell us is the underlying health of the economy which are often driven by exports and inward foreign investment.
You can find a majority of economic news schedules coming under this category. The news impact of the orange folder icon can depend on market conditions. For example, the Eurozone’s flash PMI’s are one Forex such news releases falling under this category. Now that we know what is an economic event and what is a forex economic calendar, let’s go into the details of the forex factory economic calendar.