Forex times for news
Here are some general guidelines for the best times to trade Forex news:
Major News Releases:
- European Session (8:00 AM - 12:00 PM EST):
- European Central Bank (ECB) decisions and press conferences (usually on Thursdays)
- Eurozone GDP, inflation, and employment reports
- US Session (8:30 AM - 12:00 PM EST):
- US Federal Reserve (Fed) decisions and press conferences (usually on Wednesdays)
- US GDP, inflation, and employment reports
- Non-Farm Payrolls (NFP) report (first Friday of each month)
- Asian Session (6:00 PM - 8:00 PM EST):
- Japanese GDP, inflation, and employment reports
- Chinese GDP, inflation, and employment reports
Lesser-Known News Releases:
- European Session:
- UK GDP, inflation, and employment reports
- German GDP, inflation, and employment reports
- US Session:
- US durable goods orders, housing starts, and existing home sales reports
- US consumer confidence and sentiment reports
- Asian Session:
- Japanese retail sales and industrial production reports
- Chinese retail sales and industrial production reports
Best Times to Trade:
- 15-30 minutes before and after major news releases: This is when market volatility is typically highest, and prices can move rapidly.
- During the European and US sessions: These are the most liquid and active trading sessions, with the most market participants.
- Just before and after major economic indicators: These are times when market expectations are high, and prices can react strongly to news.
Tips:
- Stay informed: Keep an eye on economic calendars and news sources to stay up-to-date on upcoming news releases.
- Manage your risk: News trading can be high-risk, so make sure to set stop-losses and limit your position sizes.
- Be prepared for volatility: News releases can cause sudden and significant price movements, so be prepared to adapt your trading strategy accordingly.
Remember, trading news is a high-risk strategy, and it's essential to have a solid understanding of the markets and a well-thought-out trading plan before attempting to trade news.