Best news for forex traders

The good ones let you look at different months and years, let you sort by currency, and let you assign your local time zone. Yes, economic events and data reports take place more frequently than most people can keep up with. This data has the potential to move markets in the short term and accelerate the movement of currency pairs you might be watching.

We look no further than our very own BabyPips. Keep in mind the timeliness of the reports you read. A lot of this stuff has already occurred and the market has already adjusted prices to take the report into account. If the market has already made its move, you might have to adjust your thinking and current strategy. Economic data rumors do exist, and they can occur minutes to several hours before a scheduled release of data.

The rumors help to produce some short-term trader action, and they can sometimes also have a lasting effect on market sentiment. This is the broadest measure of US transactions with the rest of the world. This quarterly statistic measures US trade in goods and services and includes income from investments overseas and payments to entities overseas. A positive value current account surplus indicates that the flow of capital from these components into the US exceeds the capital leaving the country more money coming in than leaving the country.

A negative value current account deficit means that there is a net capital outflow from these sources there is more money leaving the country than coming in. Rising long-term current account deficits can have negative implications for the US dollar as it impacts the likelihood of future interest rate hikes if the economy is not doing so well.

This statistic is the difference between US exports and imports of goods and services, such as cars, electronics, textiles, banking and insurance. A positive balance is known as a trade surplus and this occurs if there are more exports than imports of the above goods and services. Export demand also impacts production and prices at domestic manufacturers.

The implications over the long term of a deteriorating trade balance is to put downward pressure on the dollar. Released monthly at 1. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and averaging them; the goods are weighted according to their importance.

Changes in CPI are used to assess price changes associated with the cost of living. Food and energy prices account for about a quarter of CPI, but they tend to be very volatile and distort the underlying trend. A rapid increase in the value of the CPI figures can give way to inflationary fears as rising prices could lead the central bank to respond by raising interest rates.

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Raising rates generally leads to less disposable income, reducing spending and thus decreasing inflationary pressure. This is because some investors may decide to hold money in deposit as cash to earn interest rather than investing in the market, which is seen to be more risky. This index measures the change in price of factory produced goods. The PPI is a goods-only index and does not include the cost of transportation, wholesaling and retailing. It does not measure costs in the service sector. A rapid rise in PPI is considered inflationary and can depress bond prices and increase long-term interest rates.

The impact on the US dollar and stocks is not usually clear and has to be read in conjunction with other economic data releases. It is intended to represent the total number of paid US workers of any business, excluding:. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. The non-farm payrolls statistic is used by government policy makers and economists to determine the current state of the economy, and predict future levels of economic activity.

If employment is strong, interest rates and the US dollar will normally rise.

If the figures are weak then interest rates and the dollar will usually fall. A strong payrolls figure can provide the stock markets with a boost if it signals a recovery in the economy. Make sure to note this date in your diaries each month. Released weekly at 1. This is the number of individuals who filed for unemployment insurance for the first time during the past week. Market impact fluctuates from week to week and there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is extreme.

If unemployment claims increase, you might expect the stock market and US dollar to fall in value. In terms, retail sales can be a pretty good indicator of future the GDP growth rate. How retail sales are influencing it can give you an edge in the market because you can predict GDP growth well before the quarterly reports!

However, analyzing retail sales is somewhat tricky because it is also dependent on wage growth and overall productivity level in the economy. Therefore, before analyzing retail sales data, you have to keep in mind that while increasing sales can lead to inflation, it can also indicate overconfidence in the economy.

After all, if productivity and wages are not growing, but only retail sales go up, it can also indicate that people are buying things to stock necessary items because they expect a slowdown in the economy! In the end, the rule of thumb is, if retail sales go up of one country and it is the base currency of the pair, but it remains stagnant in another which is the quote currency, it will be a piece of bullish news for the base currency.

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The survey asks managers to rate what is their perspective about the business over a 6-month period if they plan to hire new workers or reduce the size of the workforce, and things like the inventory level to fill new orders. The way to interpret the PMI is keeping an eye on if the number is above or below If it is below 50, it indicates there might be a recession coming and if it is over 50, then the economy is expected to expand.

During the normal growth period, the PMI usually hovers near 55 to 60, but the trick is to see if there is a trend.

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If you see PMI consecutively going up over the last few months, consider it to be bullish news for the associated currency. Just think for a second, when would you buy a house or start a major remodeling of your kitchen? The answer is when you have ample savings or expectation of stable income, right? So collectively, when the prices of houses go up or sales of housing units go up, it is common sense to interpret it as a sign of strength in the economy.

Also, new housing projects employ a large portion of the workforce that can reduce unemployment and prompt central banks to increase the interest rate. As a result, when you see positive housing data, consider it to be major bullish news for the currency. For example, if you see Housing Starts , that counts the number of new housing units being built, going down, it can signal a slowdown in the economy and traders will interpret it as bearish news for the U.

However, if you are just starting out and wants to feel the pulse of the market, the 5 economic news releases we discussed should act as a good starting point. Save my name, email, and website in this browser for the next time I comment. This content is blocked. Accept cookies to view the content. This website uses cookies to give you the best experience. Agree by clicking the 'Accept' button. The most important Forex news. Rolf Forex , Tips 5.