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Questions and StoriesCategory: StoriesTrading News This Week – 12/10/2020 – 16/10/2020
Edward Duffy asked 3 months ago

Trading News This Week – 12/10/2020 – 16/10/2020

The important news this week for 12 October through to 16 October
Thursday 15 October RBA Governor Lowe will deliver a speech at an unknown meeting
Thursday 15 October employment data will be released for Australia – the employment change is forecast to reduce by 35,000 and the unemployment rate will increase to 7.1% from 6.8%
Friday 16 October US retail sales data is to be released – core retail sales data is forecast to reduce by 0.3% month on month and retail sales to increase by 0.1% month on month.
It will be interesting to hear what the RBA Governor says and then the other numbers above and the impact on the affected pairs.

Ralph replied 3 months ago

I thought we only trade technically here in luck scout group.. honestly I don’t know how to trade news as I was not taught how to trade technically in luck scout, my trading strategy is strictly based on what I learnt from luckscout ( seeing trade set ups, I place trade with take profit and stop loss that’s all) if fundamental is important I won’t mind to learn from luckscout. Thanks

Tiger replied 3 months ago

Sometimes the price of the currency pairs in the news period will change greatly due to the news release, rising or falling rapidly

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8 Answers
Myriam Pierre answered 3 months ago

I do not trade right now.But I guess that things affect trading.

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Eli Davis Keinamura answered 3 months ago

According to forex factory calender I do not see any big news for the week.

Tiger replied 3 months ago

I also reference Forex factory

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David Matlala answered 3 months ago

I don’t think the employment data figures or retail sales forecasts will have any significant impact on the AUD and USD currencies or their correlation pairs.

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Leno Jean Pierre answered 3 months ago

I don’t know how to trade News. When I started learning how to Trade I just focus on technical analyses. I heard that fondamentale analyses are important and have an impact in trading forex market. As I don’t know how to trade them I just wait for a strong trade sets up to form on the chart ;wait a confirmation before I take a trade then .I set a stop loss and a take profit.

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Jackson Mugarura answered 3 months ago

Currency and stock market traders can benefit from this. Thanks Edward

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Nnaemeka Victor answered 3 months ago

Lower time frames trader needs the news to make better and informed trading decisions.

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Gareth White answered 3 months ago

I always avoid trading the news – the market goes in directions for a long time. News is just minor interference most of the time created by the market makers to capture pools of liquidity. Be wary!!

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David Matlala answered 3 months ago

Business news does not affect the markets sometimes. Traders often ignore news as if they were expecting the way they’ll impact market sentiment.

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