Forex news to watch out for

Here are some key Forex news events and indicators to watch out for:

Weekly Events:

  1. Federal Reserve (Fed) Interest Rate Decisions: The Fed sets interest rates in the United States, which can impact the value of the US dollar.
  2. European Central Bank (ECB) Interest Rate Decisions: The ECB sets interest rates for the Eurozone, which can impact the value of the Euro.
  3. Bank of England (BoE) Interest Rate Decisions: The BoE sets interest rates for the United Kingdom, which can impact the value of the British Pound.
  4. Non-Farm Payrolls (NFP): A monthly report on US employment, which can impact the value of the US dollar.
  5. GDP (Gross Domestic Product) Reports: Reports on economic growth in major countries, which can impact the value of their currencies.

Monthly Events:

  1. Consumer Price Index (CPI): A report on inflation in major countries, which can impact interest rates and currency values.
  2. Producer Price Index (PPI): A report on wholesale prices, which can impact inflation and currency values.
  3. Retail Sales Reports: Reports on consumer spending, which can impact economic growth and currency values.
  4. Industrial Production Reports: Reports on manufacturing activity, which can impact economic growth and currency values.

Quarterly Events:

  1. Earnings Season: A period when companies report their quarterly earnings, which can impact stock markets and currency values.
  2. Budget Reports: Reports on government spending and revenue, which can impact economic growth and currency values.

Other Indicators:

  1. Currency Pairs: Keep an eye on major currency pairs such as EUR/USD, USD/JPY, GBP/USD, and USD/CAD.
  2. Commodity Prices: Prices of commodities such as oil, gold, and copper can impact currency values.
  3. Economic Indicators: Keep an eye on indicators such as the Purchasing Managers' Index (PMI), the Institute for Supply Management (ISM) Index, and the Conference Board's Consumer Confidence Index.
  4. Geopolitical Events: Events such as elections, natural disasters, and conflicts can impact currency values.

Tips:

  1. Stay informed: Keep up-to-date with the latest news and events that can impact the Forex market.
  2. Analyze the data: Understand the implications of economic data and news events on currency values.
  3. Use technical analysis: Use charts and technical indicators to analyze market trends and make informed trading decisions.
  4. Manage risk: Always manage your risk by setting stop-losses and limiting your position size.

Remember, Forex trading involves risk, and it's essential to educate yourself and develop a trading plan before entering the market.