the Federal Reserve in the United States , which often cause large spikes in volatility for any currencies that relate to the economic news release. For the most part, any major U. news will create volatility in the major pairs because it affects the U.

It is possible to blow your trading account, or worse lose your funded prop firm account if you get tagged into or stopped out of a trade that has restrictions on certain high-impact news events. Unless you are a seasoned trader with extensive experience trading economic events, we suggest steering clear of news releases such as FOMC, central bank meetings, central bank rate decisions, Core Consumer Price Index CPI , or Non-Farm Payroll NFP.

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The partially convertible rupee ended at Some market participants pointed to the RBI selling dollars via public sector banks to keep the currency from falling to 82 per dollar. Data Sources: Mecklai Financial Services - 5 Minute delayed currency spot data, EOD currency forward and futures data, reports, deposit rates. Oanda — Currency Spot EOD data for Forex convertor, continent based currency data and historical performance. All times stamps are reflecting IST Indian Standard Time.

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High impact Forex news moves markets! The most important high impact Forex news release are central bank meetings and interest rate decisions. Important Meetings: FOMC, ECB, BoE RBA, BoJ How often: Monthly.

Usually at monthly intervals, central banks around the world meet to set interest rates and discuss policy plans going forward. Whether they raise rates, leave rates unchanged or lower rates all depends on the performance of their respective economy and how effective any decision would actually be.

What a central bank, such as the Federal Reserve at their monthly FOMC meeting, chooses to do with monetary policy, has a high impact on Forex markets. In this example, raising rates will likely be bullish for the USD, while a rate cut will likely be bearish. The most important part of a central bank meeting on interest rate policy, is the accompanying statement that goes alongside any decision made.

Unemployment data is released in a number of forms across different economies, but the highest impact release in undoubtedly the US Non-Farm Payrolls.

Non-Farm Payrolls report the change in the number of employed people during the previous month excluding the farming industry, as the name suggests. Most important release: US Non-Farm Payrolls How often: Monthly. The US NFP number is released monthly by the Bureau of Labor Statistics, usually on the first Friday of the month.

This is because unemployment data is important to the Federal Reserve when it comes to setting interest rate policy. If unemployment is high, then the Fed is more likely to cut rates in order to stimulate hiring. While the Forex major currency pairs experience the most volatility surrounding an NFP release, any of the most liquid currency pairs will experience similarly wild price action. This is because global markets are so interconnected that when the US economy slows down, the rest of the world is often dragged down with it.

The consumer price index CPI is the change in the price of a basket of goods and services. Put in simple terms, CPI measures inflation. This is one of the highest impact news releases because as we said above, the main mandate for central bank policy is to control inflation. Most important release: US Consumer Price Index How often: Monthly.

The basket contains a fixed set of products and services based on average consumer habits that the Bureau of Labor Statistics has collected. The highest impact CPI news release comes out monthly, but due to its importance, the data is also compiled into quarterly and yearly readings. As central banks such as the Fed use the CPI number to track inflation, there is a direct relationship between CPI and interest rate policy.

Most important release: US Gross Domestic Product How often: Quarterly. The US gross domestic product number is released by the Bureau of Economic Analysis, on a quarterly basis. As GDP is released at wide intervals, the bureau also releases preliminary figures at the end of each month. While a central bank such as the Federal Reserve would never make a final interest rate decision on GDP alone, it does still serve as evidence used to base decisions around. The same can be said for a GDP number in decline, signaling an economic slow-down that could require rates to be cut.

Sometimes the unpredictable nature of the society we live in means things happen, things that move markets. This section encompasses all other high impact Forex news releases that you may or may not find on your economic calendar.

Important Examples: Political speeches, central banker speeches, terrorist attacks How often: Sporadic. An example may be the US president stepping up to the microphone at a campaign rally for an off-the-cuff announcement of an economic stimulus package. This has the potential to send the US Dollar soaring as fiscal policy affects demand. Another more sober example, is a terrorist attack. If a bomb goes off in a busy underground station, panic soon spreads to markets as traders price in the probability of economic slowdowns and the uncertainty of war.

Did you notice that the most important Forex news releases throughout our list, are all from the US? In addition, our article with 5 tips on how to trade Forex news can help you to get morу profit.

While global Forex markets are interconnected, the US economy is still the largest economy and as a result, has the most important economic events. December 28, Trading High Impact Forex News — Don't Get Caught Out Trading Tips 2. Related Articles. What's Next? Learn basic Sentiment Strategy Setups.

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