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News trading help

  • #1
  • First Post: Oct 18, 2007 3:22am Oct 18, 2007 3:22am
Hi:

I am a technical trader and didn't use news trading before!
After reading this forum, i want to learn about news trading!

Can any body guide me how to read news from:
http://www.forexfactory.com/calendar.php

And what is the impact of those news in trading?

Help of any professional will be highly appreciated.

Thanks
Burhan Khan
  • #2
  • Oct 18, 2007 6:35am Oct 18, 2007 6:35am
Quoting burhan
Hi:

I am a technical trader and didn't use news trading before!
After reading this forum, i want to learn about news trading!

Can any body guide me how to read news from:
http://www.forexfactory.com/calendar.php

And what is the impact of those news in trading?

Help of any professional will be highly appreciated.

Thanks
Burhan Khan
Hi Burhan...

To understand fundamental analysis, in my opinion we can start with understanding the fundamental aspects of a market. Fundametal analysis often times portends a major price move way ahead of the technical signals. The trader who is aware of such a potential situation will have a big advantage over traders who are strictly technical in their approach.
Knowledge of fundamentals in a particulat market also allows a trader to develop an understanding and with that a degree of conviction when a trend emerges. This knowledge increases you ability to stay with a winning trade. When you are aware of the fundamental situation you have an edge at perceiving how the market responds to "new information".
  • #3
  • Oct 18, 2007 6:49am Oct 18, 2007 6:49am
Quoting burhan
Hi:

I am a technical trader and didn't use news trading before!
After reading this forum, i want to learn about news trading!

Can any body guide me how to read news from:
http://www.forexfactory.com/calendar.php

And what is the impact of those news in trading?

Help of any professional will be highly appreciated.

Thanks
Burhan Khan
It could be worth you checking out burgerkings historical charts on the news releases. It will give you an idea of how the data can affect price.
  • #4
  • Oct 18, 2007 9:58am Oct 18, 2007 9:58am
I have searched on google but can't find any thing about burgerkings historical charts. Can you tell me in detail or give me any good source.

1- What is means by Red , Orange, or Yellow http://www.forexfactory.com/images/m...impact_low.gif impact?
2- What is means by Actual, Forecast and Previous Values?

Thanks
Burhan Khan
  • #5
  • Oct 20, 2007 6:30am Oct 20, 2007 6:30am
Quoting burhan
I have searched on google but can't find any thing about burgerkings historical charts. Can you tell me in detail or give me any good source.

1- What is means by Red , Orange, or Yellow http://www.forexfactory.com/images/m...impact_low.gif impact?
2- What is means by Actual, Forecast and Previous Values?

Thanks
Burhan Khan
This is kind of obvious... but anyway..

1- Red means imporant even, could move the market a lot (40 pips+) However, the impact values given by calendars are often not the most accurate. My list of High Impact reports would be: Employment Reports (NFP + CAD&AUS Employment Change), Interest Rate Statements, CPI (UK,CAD,US,NZD,AUS), Retail Sales (UK,US,NZD,AUS,CAD), ISM Manufacturing
2- Actual is the actual number released, Forecast is the Forecasted value (number expected by the economists) , Previous Value, is the value for the last time this report was released (last month in most cases)

Best of luck,

Vlad
  • #6
  • Oct 24, 2007 8:39am Oct 24, 2007 8:39am
Hi, i'm also new and using the calendar. You people helped my alot.
But there are still some Questions:

1. What does the q/q, (p), (r), y/y, m/m mean? Are there other things like these?
2. What does the numbers mean?
- What does the xx T, xx B, xx K mean? (e.g.: 24th Oct 1:51 --- 1.03T)
- What does the x.xx% mean? is this the rise or fall in percent?
- What does the number without % mean? (e.g.: 24th/25th Oct 10.00am)

Would be realy great, if you could help me

http://www.bilder-hochladen.net/files/big/4ght-1.jpg
  • #7
  • Oct 24, 2007 8:49am Oct 24, 2007 8:49am
Quoting IvoHR
Hi, i'm also new and using the calendar. You people helped my alot.
But there are still some Questions:

1. What does the q/q, (p), (r), y/y, m/m mean? Are there other things like these?
2. What does the numbers mean?
- What does the xx T, xx B, xx K mean? (e.g.: 24th Oct 1:51 --- 1.03T)
- What does the x.xx% mean? is this the rise or fall in percent?
- What does the number without % mean? (e.g.: 24th/25th Oct 10.00am)

Would be realy great, if you could help me
1. q/q - Quaterly number - Quater over Quater, y/y Yearly number - change for the last year or Year over Year, (p) - preliminary number, (r) - revision
2)
- T - number in trillion, B - number in billion, K - number in thousands
- xx % - change in percentage
-24/25th are index numbers... PMI - purchasing managers index
  • #8
  • Oct 24, 2007 9:09am Oct 24, 2007 9:09am
Quoting zek132
1. q/q - Quaterly number - Quater over Quater, y/y Yearly number - change for the last year or Year over Year, (p) - preliminary number, (r) - revision
2)
- T - number in trillion, B - number in billion, K - number in thousands
- xx % - change in percentage
-24/25th are index numbers... PMI - purchasing managers index
Thanks alot for help.
Can you give me some examples, what the Index numbers mean to the currency and what the B, T and K numbers mean to me?

E.g.: 24th October 4pm Existing Home Sales 5.04M 5.25M 5.48Mhttp://www.forexfactory.com/images/m...us_revised.gif


I saw that the USDJPY Fall for 35bips and more?
Can somebody tell me why and how this works?
And give me some more examples? I'm a total beginner thats why i'm asking, sorry if the questions are stupid, but i'm learning now.
  • #9
  • Oct 24, 2007 2:24pm Oct 24, 2007 2:24pm
Quoting IvoHR
Thanks alot for help.
Can you give me some examples, what the Index numbers mean to the currency and what the B, T and K numbers mean to me?

E.g.: 24th October 4pm Existing Home Sales 5.04M 5.25M 5.48Mhttp://www.forexfactory.com/images/m...us_revised.gif


I saw that the USDJPY Fall for 35bips and more?
Can somebody tell me why and how this works?
And give me some more examples? I'm a total beginner thats why i'm asking, sorry if the questions are stupid, but i'm learning now.
Home sales, came out lower than expected... 5.04 million this is bad for the USD... hence USD/JPY fell... if you look at the charts, EUR/USD and GBP/USD went up, but only like 10-15 pips. with my entry, i got stopped out for -10 pips loss. Not the best trade, i obviously expected a bigger move. However, home sales are not the best indicator, unless the number really surprises. There is some focus on the housing numbers at this time, so it could have worked better...
Much safer reports to trade are: CPI, Retail Sales, GDP, Employment reports, Interest rate statements, ISM manufacturing
  • #10
  • Oct 24, 2007 2:34pm Oct 24, 2007 2:34pm
Quoting zek132
Home sales, came out lower than expected... 5.04 million this is bad for the USD... hence USD/JPY fell... if you look at the charts, EUR/USD and GBP/USD went up, but only like 10-15 pips. with my entry, i got stopped out for -10 pips loss. Not the best trade, i obviously expected a bigger move. However, home sales are not the best indicator, unless the number really surprises. There is some focus on the housing numbers at this time, so it could have worked better...
Much safer reports to trade are: CPI, Retail Sales, GDP, Employment reports, Interest rate statements, ISM manufacturing
Hm, ok i see. Yeah i invested in to usd/yen but in the wrong way, i didnt realize what the numbers mean, now i do after your post and reading the news detailed.
I didnt chose eurusd because the euro was very active at that time (watching news before that and after that), so i invested into usdyen, now i know what to do next time and i started understanding the news.

thx alot
  • #11
  • Oct 24, 2007 3:04pm Oct 24, 2007 3:04pm
And now:

I invested into NZDUSD expacting to rise because of the news? Shouldn't it? Am i wrong?

But nothing happend hehe till now!

EDIT:
Got out at -10bips.

It went down again? Why?
  • #12
  • Oct 24, 2007 3:25pm Oct 24, 2007 3:25pm
Why would it go up? (or down for that matter) Everything came out as expected...
  • #13
  • Oct 24, 2007 3:44pm Oct 24, 2007 3:44pm
It was written, in news (showed below) heave impact and a rise of 8.25%. Shouldn't it rise than? Because a change into +8.25 means good for the country currency? Isn't it?

22:00 NZD http://www.forexfactory.com/images/m...mpact_high.gif Interest Rate Statement http://www.forexfactory.com/images/m...etail_star.gif 8.25% 8.25% 8.25%
  • #14
  • Oct 24, 2007 3:51pm Oct 24, 2007 3:51pm
There was no increase. Central bank left the rate at 8.25%
  • #15
  • Oct 24, 2007 3:55pm Oct 24, 2007 3:55pm
Ah, ok i see. There was no diffrence between the Forecast and the Previous.
Ah i think that i'm now understanding the news.
Otherwise i will post again.

Thx alot for your help.
  • #16
  • Oct 25, 2007 3:33am Oct 25, 2007 3:33am
10:30 GBP http://www.forexfactory.com/images/m...act_medium.gif BBA Mortgage Approvals http://www.forexfactory.com/images/m...dar_detail.gif 52.7K 60.0K 61.1K

what does the GBP has to do? Rise or fall???
  • #17
  • Oct 25, 2007 5:42am Oct 25, 2007 5:42am
Quoting IvoHR
10:30 GBP http://www.forexfactory.com/images/m...act_medium.gif BBA Mortgage Approvals http://www.forexfactory.com/images/m...dar_detail.gif 52.7K 60.0K 61.1K

what does the GBP has to do? Rise or fall???
I am also new in NEWs trading!

But i think it will FALL here! Because Previous Value is 61.1K and Actual value is 52.7K.....

Am i right?

But what should i guess with Forecast Value 60.0K ??
  • #18
  • Oct 25, 2007 5:46am Oct 25, 2007 5:46am
also new here thats why i'm asking.
  • #19
  • Oct 25, 2007 1:43pm Oct 25, 2007 1:43pm
Yes, the news is pound negative, so the pound may fall on the news. It's not a certainty though.
  • #20
  • Oct 25, 2007 1:54pm Oct 25, 2007 1:54pm
yes because it rised, thats why i asked.

thx alot
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