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.
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
Sometimes the price of the currency pairs in the news period will change greatly due to the news release, rising or falling rapidly
I do not trade right now.But I guess that things affect trading.
According to forex factory calender I do not see any big news for the week.
I also reference Forex factory
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.
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.
Currency and stock market traders can benefit from this. Thanks Edward
Lower time frames trader needs the news to make better and informed trading decisions.
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!!