While most of the economic news that affects the currency market is related to global business, the impact of Australian economic data is limited. However, changes in the Australian unemployment rate or overnight cash rate of the Reserve Bank of Australia will affect the Australian currency. Here are some of the most important economic news releases to follow for the week of May. Read on to find out which ones can affect your currency the most. Listed below are some of the most important economic news releases that affect Australian currencies.
When looking for stocks to buy or sell, you should also look at the latest economic indicators released by the central bank. This includes employment numbers, unemployment, consumer spending, and FED interest rates. These are just a few of the economic news releases that can make an investor’s day. Hopefully, these economic reports will help you make an informed decision about whether to invest in stocks or bonds. Here are 5 recent economic news releases that can help you make a decision on whether or not to invest in specific stocks.
Purchasing managers’ index (PMI) is a leading indicator of business conditions. It measures business conditions, including hiring plans, workforce size, and inventory levels. This index is often interpreted by market participants as an indicator of the health of the U.S. economy. It is important to note that different countries use different names for similar data, and the relative importance of these releases changes based on the current state of the economy. The more important economic releases are released the more likely they are to move the currency market.
The most important macroeconomic news releases impact forex most, especially the U.S. currency. When trading forex based on the news, look for consolidation ahead of a big number and then trade the breakout on the back of that number. Traders can also opt for exotic options that will capture a breakout move. The latter will be less volatile than trading a currency pair directly. For this reason, currency traders must be on top of economic news to make money in the forex market.
For iPhone users, TheStreet app gives you up-to-date financial news, stock analysis, and more. It also provides videos and full episodes of CNBC’s business news shows. It features a proprietary stock rating model that lets you watch real-time stock prices, trade ideas, and much more. You can even subscribe to CNBC’s newsletter for daily economic news and financial insights. This app is available on Android and iPhone, and has a great collection of articles written by award-winning Bloomberg journalists.
Forex traders have increasingly incorporated news trading into their trading strategies. It offers great opportunities to profit from major economic events in the short-term while minimising losses. However, it’s important to remember that not all macroeconomic news events impact the market the same. For example, the German Flash Manufacturing PMI will have a greater impact on the Euro than the French Flash Manufacturing PMI. This means that there are always some risks associated with Forex trading when you invest based on news.
The reaction of the market to economic news is unpredictable. The biggest market movement occurs when a surprise news release differs from the expectations. Rapid volatility may also be caused by speculative traders, which may increase spreads and lead to price spikes and slippages. Slippage is when an order is executed at a price that is not expected. If you’re looking to trade the news, the risk of a slippage is extremely high.