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How to read news???
Member Since Aug 30, 2023
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Member Since Apr 26, 2023
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Sep 14, 2023 at 08:58
Member Since Apr 26, 2023
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When an event is labeled as 'High Impact' on an economic calendar, it signifies that the event is likely to have a significant influence on financial markets. These events often involve major economic indicators or news releases, and they can lead to increased market volatility and price movements.
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Nov 05, 2023 at 22:38
(edited Nov 05, 2023 at 22:41)
Member Since Nov 01, 2023
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please tell me, I find it very difficult on how to relate the news (economic calendar) to chart. when there is a high impact news on the USD, does it mean that the USD will go downwards or upward?
example of GBPUSD, when I buy, I buy GBP and when I sell, I sell the USD.
example of GBPUSD, when I buy, I buy GBP and when I sell, I sell the USD.
Member Since Nov 06, 2023
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Dec 20, 2023 at 06:52
Member Since Nov 08, 2022
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High-impact events on the calendar mean big market moves and trading chances. Check them out here; you can filter by impact and choose specific countries.
Jan 06 at 02:21
Member Since Dec 02, 2019
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iwuagwu posted:I am trying to get my head around this also my understanding so far is... The value of a currency is based on a countries economic strength much like the share price of a company. Good news for the countries economy (or higher than expected) will cause the currency value to increase and the paired currency to fall in relation i.e. On the release of higher than expected jobs data created in America, USD will increase in value against its pairs and vice versa in times of economic uncertainty, recession, wars, banks and buyers flock to gold as a hedge and in turn gold will increase in price XAUUSD in line with demand.
please tell me, I find it very difficult on how to relate the news (economic calendar) to chart. when there is a high impact news on the USD, does it mean that the USD will go downwards or upward?
example of GBPUSD, when I buy, I buy GBP and when I sell, I sell the USD.
Member Since Feb 02, 2024
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Feb 20 at 07:58
Member Since Feb 02, 2024
23 posts
High-impact events on the calendar can definitely be confusing, especially if you're new to forex trading. These are basically economic announcements or data releases that have a significant potential to move the market. Traders themselves adjust their positions, manage risk, or even stay on the sidelines during these events.
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