Oil Crumbles, Cable Reverses and the Dollar Continues with Bullish Structure.

Learn Strategies for Trading Forex on News Releases

Bull Flag Break Opens Door for Continuation. Gold, USD Strong Inverse Correlation and in Confluence. FTSE Further Develops Range on Sharp Turn Lower.

News trading often brings the biggest moves of the month. Focus instead on those things you want least to happen and on what your response will be. Have you ever wondered why markets move so much before a news release? This causes a relatively large move immediately following a news release. Now, t rading the news is exciting. The DailyFX Economic Calendar is a key tool to help make you aware of when a High Importance event is coming out like the Federal Reserve Minutes or a Bank of Japan Rate Decision.

DailyFX Economic Calendar Can Help You Be Aware Of Market Moving Events.

Now that you know what news events to focus on, you should know that all news releases are not treated equal and you should know the differences.

On the other hand , if news releases and the numbers are way out side of expectations, then you will see a massive move in which you should be prepared to trade if this style of trading fits your risk profile.

Forex News

If markets come out in line with expectations then you will approach the set up completely differently than if the release is completely outside of expectations.

Release In Line With Expectations: Locate Key Price Levels to Enter Into a Trade. More than likely, you will see a reaction to the news event even if the numbers come in line.

Forex Trading News | LeapRate

This can be because a flow of orders comes in the moves around prices but regardless of the reason this is your opportunity to have the market prove to you a level of support or resistance. If price touches that important level and holds, you can enter in a way so that your risk is still tight as the market continues business as usual. When News Comes Out In Line, Look For a Good Entry on the Current Move.

There are two simple and objective tools you can use to find support or resistance so you can identify a high probability entry off a news event. The first would be Pivot Prices which are objective points of support and resistance based on prior price action.

The other tool would be a trendlines which is a manually drawn line connecting price points where the trend continue. Release Outside of Expectations: Locate Breakout Levels to Enter Into a Trade.

Tr endlines Can Help You Catch an Entry as The Next Move Unfolds. If a trendline is truly broken, retested and then continues in the direction of the break, you have a clear trade with tight risk.

Naturally, a trend line break would most likely happen only on high volatility caused by news coming outside of expectations. When an entry is triggered of such a move, you can place a tight stop below the trendline to prevent you from holding a counter trade if the trend resumes.

Interested In Our Analyst's Best Views On Major Markets? Check Out Our Free Trading Guides Here.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Market News Headlines getFormatDate 'Wed Jun 21 Technical Analysis Headlines getFormatDate 'Wed Jun 21 Bull Flag Break Opens Door for Continuation getFormatDate 'Wed Jun 21 Gold, USD Strong Inverse Correlation and in Confluence getFormatDate 'Wed Jun 21 Education Beginner Intermediate Advanced Expert Free Trading Guides.

Click here to dismiss.

Get Your Free Trading Guides With your broad range of free expert guides, you'll explore: News getFormatDate 'Wed Jun 21 News getFormatDate 'Tue Jun 20 How to Trade Forex after a Major News Release getFormatDate 'Thu Jul 11 Upcoming Events Economic Event.

Forex Economic Calendar A: NEWS Articles Real Time News Daily Briefings Forecasts DailyFX Authors. CALENDAR Economic Calendar Webinar Calendar Central Bank Rates Dividend Calendar. EDUCATION Forex Trading University Trading Guide. DAILYFX PLUS RATES CHARTS RSS. DailyFX is the news and education website of IG Group.