Hi, can someone tell me if i'm on the right track.
I go FOREX FACTORY factory and check the news feeds and for an example. Today on the Euro the head line for 3:00 am read.
(French Flash Manufacturing PMI)
Now I personally have no idea what this means, but when I click on the (More Details) link, it reads.
(Usual Effect Actual > Forecast = Good for currency)
So I take this as an indication that the EUR/USD will
rise in price, and between 2:00 and 3:00 am New York time, the EUR/USD actually rose from 1.4241 to
1.4300. Now I am thinking that it could no possibly be this easy. Cam someone please help me by guiding me on how to interpret the currency news and especially where and how to get the major reports in real time such as the non farm payroll.
Your help would be greatly appreciated.
I go FOREX FACTORY factory and check the news feeds and for an example. Today on the Euro the head line for 3:00 am read.
(French Flash Manufacturing PMI)
Now I personally have no idea what this means, but when I click on the (More Details) link, it reads.
(Usual Effect Actual > Forecast = Good for currency)
So I take this as an indication that the EUR/USD will
rise in price, and between 2:00 and 3:00 am New York time, the EUR/USD actually rose from 1.4241 to
1.4300. Now I am thinking that it could no possibly be this easy. Cam someone please help me by guiding me on how to interpret the currency news and especially where and how to get the major reports in real time such as the non farm payroll.
Your help would be greatly appreciated.
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