How do I interpret the news on the main ForexFactory page?

Hi there,

I'm trying to get my head around the main news page on Forex Factory. So I've got a few questions to ask.

How does 'Forecast' mean and how does it play an effect on the days trade?

What does 'Previous' mean? Is that simply the previous day forecast?

Do technical analysists use the FF news page to assist with trading? Or is the FF news page most suited for people trading news?

Thanks for being patient, and lastly if I'm eyeing the GBP/USD for the day, at 10am my time, it forecasts a '46.9' at 8pm. What does this actually mean?

Thank you to the FF community for helping us newcomers!

How does 'Forecast' mean and how does it play an effect on the days trade?

It is the expected number for any given data release. If the actual number is greatly off the forecast, the reaction of the market is often more volatile.

For a more ample information you can click on the small icon below "Detail" on each entry.

What does 'Previous' mean? Is that simply the previous day forecast?

Not previous day, but previous same data release: if monthly, previous month's; if weekly, accordingly, etc.

Do technical analysists use the FF news page to assist with trading? Or is the FF news page most suited for people trading news?

Even as a technical trader, it is always good to know what is happening on the fundamental scene... especially to be aware of times of the day to avoid or watch because of a particular event.

Thanks for being patient, and lastly if I'm eyeing the GBP/USD for the day, at 10am my time, it forecasts a '46.9' at 8pm. What does this actually mean?

Provided your clock settings are in line with your time zone, and depending on the significance of the news release at that time mentioned, you can use the data to plan possible trading scenarios, or just avoid that time if you are not trading the news.

Now literally, it means that (if you have set your clock correctly, if not, click on the actual time shown above and you can modify if needed), at 8pm your time there is a news release of a particular data (you didn't mention which one) and that the expectations are set on "46.9" as a result.

Thank you, doblece.