FOREX NEWS WITH HIGH IMPACT IN TRADING

Forex news refers to the impacts on the currency pair that cause high volatility due to the change in economic, political and social events. These change cause due to the information on the GDP, geopolitical activities, natural disasters, change in inflation and employment rate. During the news currency pair have high movements impacting to the high profit if traders were aware of the news and loss if not. There are news which happen during the specific time like within one per month and there are news that occur frequently depending on economic and political events of  the country.

COMMON FOREX NEWS
There are common forex news which are NFP, CPI and FOMC

NON-FARM PAYROLLS (NFP) this news is published by USA government which indicate the people who gain and lost job. It occur in every first Friday of the month, it occur in 15:30, it takes 30 minutes, this news affect most USD and CAD pairs. If the report show that more employment it strengthen the currency and if it show unemployment it weaken the currency. The report show that employment rate for the labor except in agriculture. Pairs that associate with USD and CAD during the news experience more impact in volatility and fluctuation.

CONSUMER PRICE INDEX (CPI), these news affect the currency with more inflation and deflation. Pair which are mostly affect by CPI are EUR/USD, USD/JPY and GBP/USD. Banks uses CPI to control inflation by raising and lowering interest by considering monetary policy. When there are high inflation rate they raise interest rate and when there are lower interest rate banks lower interest rate.

FEDERAL OPEN MARKET COMMITTEE (FOMC), this meeting is done eight times per year by USA government to asses the outcome of setting interest rate on the monetary policy. Positive outcome strengthen the currency and negative outcome weaken the currency. The currency pair associated with USD are more affected.

HOW TO TRADE FOREX NEWS
Since forex news are so confidential, there are released with banks and global market drivers at particular time to drive the market. Forex news can be traded by both technical analysis and fundamental analysis. Technical analysis include looking for the chart structure, candlestick and trend of the market.
Fundamental analysis associated with the rumors of the news. Forex traders seek for the rumors of the the currency pair on the economic events and how it will impact the currency.