News traders love taking advantage of news events on different currencies. Here are the best events that can add more profit to your capital.
1 Non-Farm Payroll/ Nonfarm Employment Change – USD
Job creation is an important leading indicator of any consumer spending.
This accounts for the majority of overall economic activity.
This report is compiled by the Bureau of labour statistics (BLS) a division of the united states labour department.
This report comes along with another event called the unemployment rate to either support or deny Non-farm payroll.
Non-Farm Payroll is released monthly usually on the first Friday of the month.
Around 1:30 PM and sometimes 2:30 PM.
2 Employment Change – AUD
Trader cares about this news release because job creation is an important leading indicator in Australia.
It measures the change in the number of employed people during the previous month.
It is compiled by the Australia Bureau of Statistics
It is released monthly about 10 days after the month ends.
It is very vital data because it makes a hefty market impact.
The time of the announcement is 1:30 AM.
It also comes with an unemployment rate to either support or deny the release
3 New Zealand Employment Change – NZD
Statistics New Zealand always compiles this report.
It is released quarterly about 35 days after the quarter ends to create a very big movement.
The time of release is 10:45 PM.
An unexpected reading or release will definitely cause a big movement in New Zealand Currency.
Statistics New Zealand also makes sure the unemployment rate is released with it.
Thou trades to look at it as a lagging indicator but the number of unemployed people is important.
It gives the signal of the overall economic health.
4 Employment Change- CAD
This is released monthly by Statistics Canada.
This is released monthly about 8 days after the month ends.
Statistics Canada also releases the unemployment rate to either support or deny the release.
5 Cash Rate With RBA Rate Statement- AUD
Reserve Bank of Australia is the source of cash rate release which can also be called an interest rate.
It is released along with RBA Rate Statement.
This is among the primary tools the RBA reserve bank board uses to communicate with investors.
This release discusses the economic outlook and offers clues on the outcome of future decisions.
Released first Tuesday of the month excluding January around 4:30 AM
6 Gross Domestic Product (GDP) –AUD
The Australian Bureau of statistics is doing a great job compiling the actual result of this news release.
It measures the change in the inflation-adjusted value of all goods and services produced by the economy.
It is released around 1:30 Am quarterly.
7 Retails Sales –AUD
It measures the change in the total value of sales at the retail level.
Retail sales are released monthly about 35 days after the month ends at 1:30 Am.
Compilation of this data comes from the same source as Australian employment change and GDP.
Traders care about it because its the primary gauge of consumer spending.
8 Retail Sales- NZD
This is released quarterly about 45 days after the quarter ends.
The truth about this release is that it is late compared to other retail data releases of other countries.
But it is still the primary gauge of consumer spending and tends to create hefty market impacts.
Release time 10:45 PM
9 Gross Domestic Product( GDP)- NZD
It measures the change in the inflation-adjusted value of all goods and services produced by the economy.
Released quarterly around 10:45 PM.
Traders care because it measures economic activity and it is the primary gauge of economic health.
10 Gross Domestic Product(GDP) – CAD
This is released monthly by Statistics Canada.
It is the gross domestic product and the primary gauge of economic health.
It comes out at 2:30 PM.
It comes out quarterly sometimes but it is the summation of the monthly data that comes out quarterly
11 Interest Rate with RBNZ Rate Statement- NZD
The Reserve Bank of New Zealand is the source of this release.
It is scheduled for 8 times per year around 9:00 pm.
The RBNZ governor decides where to set the rate after consulting senior bank staff and external advisors.
RBNZ Rate Statement is among the primary tools the RBNZ uses to communicate with investors.
It discusses the economic outlook and offers clues on the outcome of future decisions.
12 Consumer Price Index(CPI)- NZD
CPI comes out late when compared to the time of the release of other countries.
It is released quarterly which makes it interesting for traders to wait patiently for it.
It is released at 11:45 PM
Since consumer prices amount to the majority of overall inflation traders really cares about this release.
It is also called [The Consumer Price Index].
13 Consumer Price Index (CPI) –AUD
The CPI of Australia measures the change in the price of goods and services purchased by consumers.
Released 2:30 Am quarterly.
This event is slow when compared to the released time, so traders must be very careful while trading this event.
14 Prelim Gross Domestic Product (Prelim GDP) – GBP
The source of this release is the Office of the National Statistics which is released quarterly around 9:30 Am.
Thou GDP of this currency is different from another GDP called the second estimate and final GDP.
If you are really interested in trading any GDP of this currency go for prelim GDP.
15 Manufacturing PMI – GBP
The source of this release is markit.
It is the leading indicator of economic health which makes businesses react quickly to market conditions.
It is released monthly at 9:30 Am.
This affects the level of a diffusion index based on survey purchasing managers in the manufacturing industry,
16 Retail Sales- NZD
Retail sales in New Zealand are extremely slow compared to the timing of other countries.
It is released quarterly at 11:45 PM.
It also measures the change in the total value of inflation-adjusted sales at the retail level.
17 Trade Balance -AUD
The source is the Australian Bureau of Statistics. Released monthly around 2:30 Am.
Since export demand and currency demand are directly linked because foreigners must buy the nation’s export.
Traders really care about this event.
Conclusion
Trading fundamental news events is really profitable. Always make sure you are careful with the broker you choose.
A broker can make you go break you.
Also, make sure you have a well-planned strategy to maximize profits and minimize losses
Leave a Reply
You must be logged in to post a comment.