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  1. #1
    Active Member

    Smile Awesome free news tracking software !!!

    Below is the download link for "News Updater". It is a free windows program that pulls economic news and alerts you when things are happening.

    http://www.fx-metropolis.com/nu_Info.html

    Enjoy!

  2. #2
    Specialist Member marvel's Avatar
    Interesting software and it is great that it is a freeware! I have to check and test it next week.

  3. #3
    Specialist Member runneroption's Avatar
    Good piece of software for binary options traders. There are several sites where you could see the news feeds, but it is great if you could check them in a stand alone application!

  4. #4
    Active Member
    This has helped me immensely, so it's good to see others benefit from it as well!

  5. #5
    Active Member
    Hey guys just wanting to know how do you read this thing? on the right side it has ACTUAL, FORECAST, PREVIOUS. What do these mean? Is it that if the actual or the forecast is higher then the previous that it is going to go up, and the opposite for a down?

  6. #6
    Active Member
    Quote Originally Posted by Liam Morrison View Post
    Hey guys just wanting to know how do you read this thing? on the right side it has ACTUAL, FORECAST, PREVIOUS. What do these mean? Is it that if the actual or the forecast is higher then the previous that it is going to go up, and the opposite for a down?
    PREVIOUS is the previous figure for that scheduled economic event
    FORECAST is what is predicted for this event
    ACTUAL is the actual figure that is reported for the event

  7. #7
    Master Member Bogdan G's Avatar
    Quote Originally Posted by Liam Morrison View Post
    Hey guys just wanting to know how do you read this thing? on the right side it has ACTUAL, FORECAST, PREVIOUS. What do these mean? Is it that if the actual or the forecast is higher then the previous that it is going to go up, and the opposite for a down?
    Compare ACTUAL to FORECAST not ACTUAL to PREVIOUS (this is less important). How to interpret the numbers depends on the indicator. For example: Unemployment numbers need to be lower than Forecast for the currency to strengthen
    Employment numbers need to be higher than Forecast for the currency to strengthen
    Your question cannot be fully answered in a few words but I hope you see the difference between different types of economic indicators.
    All the best

  8. #8
    Active Member
    Quote Originally Posted by Bogdan G View Post
    Compare ACTUAL to FORECAST not ACTUAL to PREVIOUS (this is less important). How to interpret the numbers depends on the indicator. For example: Unemployment numbers need to be lower than Forecast for the currency to strengthen
    Employment numbers need to be higher than Forecast for the currency to strengthen
    Your question cannot be fully answered in a few words but I hope you see the difference between different types of economic indicators.
    All the best
    Ok then so if the ACTUAL is higher then the FORECAST that means employment numbers are up which means the rate will go down? and vice verca?

  9. #9
    Active Member
    what rate?

    Go to forexfactory.com and look at their calendar. If you click on an event it will pop up with an explaination of the significance and how to trade it. That should help you understand how it all works.

  10. #10
    Active Member
    There are a lot of sites with information on the economic events ahead. I use myfxbook news feed but forexfactory is also a good one. Each indicator has some effect on the currency strength but it is not always obvious. For example – bad us NFP number (lower than expected, that mean smaller number of new employment places) sometimes strengthen the dollar, as the dollar is the only currency that benefit from the bad economic data, but sometimes this is not true and the market reaction is totally opposite. It depends on the context when the economic data arrive. If there are good news from Europe and than bad news came from US probably the Euro will rise against the dollar, but if there are bad news from Europe and than bad news came also from US, most probably the dollar will rise against the euro. I hope this will help you, but you have to be aware that it is not that simple in all the situations. Some pairs react one way, some other way not all the same way after a particular piece of data is released.

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