WHAT IS NEWS TRADING?
A news trader is a trader or investor who makes decisions based on news announcements. News traders try to profit by taking advantage of market sentiment leading up to the release of important newsand/or trading the market’s response to the newsafter-the-fact.
3 NEWS TODAY
- CPI Flash Estimate y/y – News release at 6.00pmConsumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
- GDP m/m – News release @ 9.30pmIt’s the broadest measure of economic activity and the primary gauge of the economy’s health;
- UK CURRENT ACCOUNT NEWS RELEASE @ 5.30PM – Php time.It’s directly linked to currency demand – a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country;
OUR TECHNICAL CHARTS FOR TODAY’S TRADE IDEA
TRADE SAFELY AND ENSURE THAT YOU HAVE PROPER RISK MANAGEMENT – TP & SL’s properly done and placed…
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High Risk Investment Warning:
Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.