Participant

I know it sounds like a dumb question but with so many economic reports every day can any say which are the ones you have to watch? Or just look out for all of them. I trade usually gbp/usd and eur/jpy. I see these moving on many different reports not only the ones you expect like something for euros, sterling, yen.

 
Participant

every now and then data releases change in their effect on markets
i remember a time i think 2004 and before nobody cared about something called non-farm payrolls since it had no effect on the markets
until one friday all the pairs moved for at least 150 pips and more
from that time this piece of data became no. 1 in the markets
my view is all data releases are important but you have to make a huge study to know for sure which is a currency mover and which is a stocks mover

 
Participant

it depends a lot on the currency because for JPY for example the data release are totally different to that for the USD because the economy is different. With japan you have Tankan report, with dollar its the jobs and non-farm payrolls and retail sales.
but it is true that there are basic reports that are always going to hit like inflation, interest rate changes, jobs data, pmi reports. it also depends on what the market is stressing on because that chagnes likes the wind.

 
Participant

and which are website you are using to check for news reports? i get some through a big daily list from my broker but its not great to be honest.

 
Participant

you can try http://www.forexfactory.com
they are great

 
Participant

Like it already. cheers bud.

You must be logged in to reply to this topic.