Understand which are important news events

Most traders focus on eight major currencies, including:

1 USD

2 euros (EUR)

£ 3 (GBP

CHF

AUD 5

6 Japanese yen (JPY)

7 plus circle (CAD)

8 New Zealand dollars (NZD)

1 Euro/USD

£ 2/USD

AUD 3/USD

4 USD/JPY

5 euros/Swiss franc

6 CAD/USD

AUD 7/NZD

Central Bank Monetary Policy (Interest Rate Changes)

Inflation (including consumer price index or producer price index)

unemployment rate

Business Confidence Index and Consumer Confidence Survey

Retail Sales Index

Manufacturing Index

Trade balance

The best way to track economic data is through the 'economic calendar'. The economic calendar not only provides a monthly release schedule, but also displays the degree of influence of individual events or data in order. And the preliminary values of each data, as well as the expected market data, also require high vigilance.

Many economists and investment banks release expected numbers and express their opinions in advance based on the existing economic environment of a country. If the actual numbers differ significantly from expectations, it may lead to significant fluctuations, and the market's risk appetite may also change as a result.

Trading strategies during news releases

Buy when rumors arise, sell when facts arise

Callback trading strategy after news release

Using Fibonacci Recall

The theory of Fibonacci returns is that when prices move in one direction, a pullback in the opposite direction will be hindered at a predictable level, and then prices will return to their original direction of operation.

Waiting for prices to return to their original trend direction