Big Movements in FOREX????

[cpearson]

Can anyone tell me what are the big moves that happen each month based on the reports, when they exactly happen and how many pips it moves on average each month? I only know of the NFP report which happens every first Friday of the month. What other reports are they that move the currency each month? It doesn’t matter what currency it is, as long as it happens consistently each month. The reason I am asking is because I keep losing when big swings happen, and want to avoid trading all together on these days. If someone can let me know I would greatly appreciate it. Thanks in advance.



C. Pearson

[_Ayman_]

Big moves usually follow important economic data. The most important is interest rate changes, GDP, payroll numbers, new jobs..etc

[cpearson]

Do you know when these important economic data reports come out? I know there is one for jobs every first friday of the month at 8:30 est which is the NFP. Do you guys know any other dates, times, and the currencies it effects so I can make sure I am not trading that currency? I am looking for specific reports that happen each month that ussually effect currency that cause it to go up or down in the price right away when the report comes out. Please let me know. Thanks again guys!

[_Ayman_]

Go to www.fxstreet.com and click on the economic calendar. Many links will show you all important economic data of the week/month

[Milton]

Hello,

You can download a PDF format weekly calendar of economic announcements from www.forextradersworld.com, you can also view the online calendar.

[cpearson]

The problem is I have viewed the economic calendar and many of those reports do not effect any major movements in the currency. I am looking for the big reports that happen every month. Does anyone know what these reports are? I know only one and that is the NFP which comes out at 8:30 est every first friday of the month. So every first friday of the month in the morning I do not trade. There has to be more reports that effect the currency like the NFP. I know the NFP report is the biggest one, but what else reports are there, when do they happen each month and what currencies do they effect? Please let me know if can. thanks in advance.

C. Pearson

[Big Pippin]

Originally Posted by cpearson

The problem is I have viewed the economic calendar and many of those reports do not effect any major movements in the currency. I am looking for the big reports that happen every month. Does anyone know what these reports are? I know only one and that is the NFP which comes out at 8:30 est every first friday of the month. So every first friday of the month in the morning I do not trade. There has to be more reports that effect the currency like the NFP. I know the NFP report is the biggest one, but what else reports are there, when do they happen each month and what currencies do they effect? Please let me know if can. thanks in advance.

C. Pearson

Hi Pearson,

I have a great PDF that explains in great detail the reports that move the market. It really helped me alot and I'm sure it would help you. If you want a copy of it, send me an email and I'll be glad to send it to you. Happy trading!

[birdjaguar]

The world of Forex is fast changing. NFP doesn't pack the punch that it used to. The Fed is not watching employment as it was last year. Inflation is more the concern and TIC data that depends on foreign inflows to cover the deficit. Schlossberg used to do a wonderfully brief report on the dollar vs. the majors called the Week Ahead. It was the best brief report out there. Unfortunately, he doesn't do it anymore. The following link is probably the most brief that you will find.
http://www.dailyfx.com/index.php?opt...fing&Itemid=41

Keep in mind that the important reports change with the economy. What moves the markets now may not move the markets 6 mos. from now. Aslo, what reports are important depends on which currency pairs you are trading. The link that I gave you is only for the dollar. If you are trading the EUR/USD, the you need to know what is important in the Eurozone. Political stability is important at this time. If you trade the GBP/USD, then inflation and the possibility of a rate cut are important there, etc. There is no cure-all report. You just have to get into the flow through experience. Happy trading.