A source for viewing the timing of economic-related announcements which will affect to foreign currency trading is FXNewseffects. When government agencies and central banks release macro-economic information, government announcement occur. Such announcements are major factors behind forex market movements. The impact of the announcements depend on the type and the degree to which they were already expected. Some announcements have a strong and immediate affect on foreign currency trading markets and cause sharp imovements up or down. Other announcements affect the markets more gradually over a longer time. Still other announcements may have been leaked before hand or the content was already anticipated. FXNewseffects helps traders learn how past announcements affected the foreign currency trading and this in turn increases their forecasting knowledge and trade timing.
In the sample the green dots are announcement times which are superimposed on the forex rates curve. Clicking on the green dot will reveal what the announcement was. Pretty good tool, right!
