Hi folks,
I heard that some people do newstrading. How does it function? Is it possible to know in which direction the market price will go after the news?
I have 3 examples for high impact or medium impact today:
12:45am NZD Building Consents Actual: 5.0% Forecast: -9.6%
11:30am CHF KOF Economic Barometer Forecast: -0.59 Previous: -0.99
2:30pm CAD Current Account Forecast: -11.9B Previous: -9.1B
What does this data declare and is it possible to pre-estimate in which direction the market price will go? Sorry for my noob question and thank you for your help.
Best regards!
I heard that some people do newstrading. How does it function? Is it possible to know in which direction the market price will go after the news?
I have 3 examples for high impact or medium impact today:
12:45am NZD Building Consents Actual: 5.0% Forecast: -9.6%
11:30am CHF KOF Economic Barometer Forecast: -0.59 Previous: -0.99
2:30pm CAD Current Account Forecast: -11.9B Previous: -9.1B
What does this data declare and is it possible to pre-estimate in which direction the market price will go? Sorry for my noob question and thank you for your help.
Best regards!
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