Effects of economic data releases | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Historical Data of Economic News Releases? 1 reply

Record of historical economic releases. 6 replies

Predicting direction of economic releases 123 replies

Bloomberg TV - News Ahead of Economic Releases 9/10/2006 2 replies

Effects of economic data releases

  • #1
  • First Post: Jul 26, 2004 5:08pm Jul 26, 2004 5:08pm
Hi all,

I'm a newbie at forex trading and until last week I was solely trading while learning Technical Analysis. But last week's GBP/USD jump due CPI release and Greenspan's statement led me to focus on a mixed strategy (still under development) of Technical and Fundamental Analysis.

I wanted to know if I could find the effects of the releases of past economic data (about last 8 to 12 months). That is, how the markets reacted to the news within 5mins, 30min and 60 mins of the news release. Crudely put, a technical analysis of the effects of economic data.

I'm planning to do this as little project. At this point I still don't fully, understand the complexity of this project. Your suggestions would be invaluable. Plus I don’t have access to 5mins, 30 min and 60 mins charts for the whole of last year. Most of the data I found on the Internet were daily repositories. Commercial ones are too expensive, esp. since I've not gone into live trading.

If anyone has this historical data or has access to this please let me know.

Thanks,
-Nishanth
  • #2
  • Jul 26, 2004 5:36pm Jul 26, 2004 5:36pm
http://www.dukascopy.com/english/ddf...ata/ExportCSV/
  • #3
  • Jul 27, 2004 6:11am Jul 27, 2004 6:11am
Quoting nishanthr
Hi all,

I'm a newbie at forex trading and until last week I was solely trading while learning Technical Analysis. But last week's GBP/USD jump due CPI release and Greenspan's statement led me to focus on a mixed strategy (still under development) of Technical and Fundamental Analysis.

I wanted to know if I could find the effects of the releases of past economic data (about last 8 to 12 months). That is, how the markets reacted to the news within 5mins, 30min and 60 mins of the news release. Crudely put, a technical analysis of the effects of economic data.

I'm planning to do this as little project. At this point I still don't fully, understand the complexity of this project. Your suggestions would be invaluable. Plus I don’t have access to 5mins, 30 min and 60 mins charts for the whole of last year. Most of the data I found on the Internet were daily repositories. Commercial ones are too expensive, esp. since I've not gone into live trading.

If anyone has this historical data or has access to this please let me know.

Thanks,
-Nishanth
this is an interesting project and im eager to see if you can do something with it. if you can put in the effort (and i imagine the effort would be enormous), im willing to bet the reward is great. i would check out forexnews.com for info on past releases, then look at the charts for those days to get the reaction.
Relax and be happy.
  • #4
  • Jul 27, 2004 6:12am Jul 27, 2004 6:12am
btw, have you ever heard of "straddle trading"? thats the low-tech version of what you are looking to accomplish...
Relax and be happy.
  • #5
  • Jul 27, 2004 12:41pm Jul 27, 2004 12:41pm
Quoting sidekick
http://www.dukascopy.com/english/ddf...ata/ExportCSV/
Hi Sidekick,
Thanks a lot for that link. Its exactly what I was looking for.

-Nishanth
  • #6
  • Jul 27, 2004 12:49pm Jul 27, 2004 12:49pm
Quoting merlin
btw, have you ever heard of "straddle trading"? thats the low-tech version of what you are looking to accomplish...
Hi Merlin,
Yes, I've tried straddle trading once. It worked out decently. But I'm a little nervous about trying it with a real account until i've got some more experience.

About the economic indicators effect, I would be trying out 2-3 monthly indicators on a couple of USD based pairs and I'll let you know how it turns out.

Thanks,
-Nishanth
  • #7
  • Aug 1, 2004 12:13am Aug 1, 2004 12:13am
Does anyone know of a site where you can get historical info for economic announcements for a few years back?
  • #8
  • Aug 1, 2004 2:13am Aug 1, 2004 2:13am
Quoting TMack
Does anyone know of a site where you can get historical info for economic announcements for a few years back?
www.forexnews.com
  • #9
  • Aug 11, 2004 10:15pm Aug 11, 2004 10:15pm
Hello,
Sorry for the very late response. I've worked a little webpage which presents the effects of few of economic data releases. I'm planning to open up more economic releases based on the feedback I get....

http://www15.brinkster.com/quadproje...indicators.asp

Ticker Data source : http://www.dukascopy.com
Economic release archive source : http://finance.yahoo.com

feel free to email me at: mvjcs98 [at] yahoo [.] com

thanks
-Nishanth
  • #10
  • Edited 10:43pm Aug 11, 2004 10:34pm | Edited 10:43pm
Quoting nishanthr
Hello,
Sorry for the very late response. I've worked a little webpage which presents the effects of few of economic data releases. I'm planning to open up more economic releases based on the feedback I get....

http://www15.brinkster.com/quadproje...indicators.asp

Ticker Data source : http://www.dukascopy.com
Economic release archive source : http://finance.yahoo.com

feel free to email me at: mvjcs98 [at] yahoo [.] com

thanks
-Nishanth

Hey Nishant,

Excellant Job!! Keep it up!!! I belive this figures are for GBP, it would be nice if you put EUR figures too.

Mkcky
Lets Make Money!!!
  • #11
  • Aug 12, 2004 8:04am Aug 12, 2004 8:04am
Quoting Mkcky
Hey Nishant,

Excellant Job!! Keep it up!!! I belive this figures are for GBP, it would be nice if you put EUR figures too.

Mkcky
Hi Mkcky,

Thanks, I'll try to post the EUR data in a few days.

-Nishanth
  • #12
  • Aug 14, 2004 6:11pm Aug 14, 2004 6:11pm
Hello,
I've updated the page with EUR/USD tick data and few other economic indicators.

http://www15.brinkster.com/quadproje...indicators.asp

-Nishanth
  • #13
  • Aug 14, 2004 9:16pm Aug 14, 2004 9:16pm
Quoting nishanthr
Hello,
I've updated the page with EUR/USD tick data and few other economic indicators.

http://www15.brinkster.com/quadproje...indicators.asp

-Nishanth

Hi Nishant,

Thank you very much and may god bless you with lots of PIPS!!!

Mkcky
Lets Make Money!!!
  • #14
  • Aug 15, 2004 9:44am Aug 15, 2004 9:44am
Quoting nishanthr
Hello,
Sorry for the very late response. I've worked a little webpage which presents the effects of few of economic data releases. I'm planning to open up more economic releases based on the feedback I get....

http://www15.brinkster.com/quadproje...indicators.asp

Ticker Data source : http://www.dukascopy.com
Economic release archive source : http://finance.yahoo.com

feel free to email me at: mvjcs98 [at] yahoo [.] com

thanks
-Nishanth

Nishanth:

Thanks for the info. Very impressive.

I'm not sure I understand the "Swing in T" though. Wonder if you could explain it again when you get a chance.

Regards,

CA1962
  • #15
  • Aug 15, 2004 2:17pm Aug 15, 2004 2:17pm
Quoting CA1962
Nishanth:

Thanks for the info. Very impressive.

I'm not sure I understand the "Swing in T" though. Wonder if you could explain it again when you get a chance.

Regards,

CA1962
Hi,
The "T" in the "Swing in T" refers to the time at which the economic indicator data was release. The "Swing in T" is like this.
The first column under 'swing in T' supposed to be read as "Swing in T-30 mins"
The second column as Swing in T-10 mins and so on.


For example, Consider CPI, Jul 16, 2004, 8:30:00 AM and the EUR/USD pair

T is Jul 16, 2004, 8:30:00 AM

The spot value is calculated as the (open + close) / 2 of the 8:20 AM to 8:29 AM bar(10 minute bar). In this case it is 1.2363


The first column, Swing in T-30 = -16 , says 30 minutes before the release of the data, the lowest (or highest if column is positive) value was 16 pips below the spot. That is at, around 8:00 AM the EUR/USD was approximately 1.2347.

The useful part is the positive columns. That is Swing T+10, T+20 and so on.

So the fourth column (headed by 10, Swing in T+ 10 mins), shows the maximum pip swing from the spot value 10 minutes after the data was released. In this case, after the Jul 16, 2004, 8:30:00 AM data was released, the value of EUR/USD jumped a maximum of 31 pips. That is its maximum value reached about 1.2378.

The average pip swing table gives a hint of how (positively, negatively or neutrally) the markets reacted to positive,negative or no surprise (the difference between actual and expected values)


Hope this helps to clarify things...
-Nishanth
  • #16
  • Last Post: Sep 5, 2011 9:36pm Sep 5, 2011 9:36pm
Quoting nishanthr
Hi,

Hope this helps to clarify things...
-Nishanth






I'm not sure that what you said is true but if true is what you believe then anyone could be right. Accordingly I don't think that what I thought you said is what you meant to say so what is the truth really. It's a lie.

Yes?

Archive 101
0 traders viewing now