Hey, does anyone know a site that lists a good economic calendar? Ive looked at a few and they a vary in what they show and the importance of each event.
Also, is there any events that you particularly look out for? at 2pm today there was a 60 pip drop in EUR/GBP within 10 minutes, does anyone know if this was caused by a particular event?
Thanks
forexfactory.com & dailyfx.com. I heard it’s best to avoid trading during the FOMC meeting minutes, but to each is own. I believe because the price can jump up by 100+ pips, then whipsaw back down in a few seconds lol The High Impact news is where all the volatility takes place, just need to be careful while trading during those times. Some people make it work for them, and some people avoid trading during those times altogether, it depends on your strategy honestly
I use the app Myfxbook which as you can see in the screenshot is very useful. There are also other tools on the app. Try it out.
Apparently this move was caused by a bounce in the GBP, triggered by a tweet by the German Finance Minister saying something good about a Brexit deal.
As we approach the Brexit deadline, GBP is potentially going to be highly volatile. Personally, I would be wary of shorting GBP right now as we are almost bound to hear soon of some sort of Brexit deal. As so many sources have said a no-deal Brexit would be catastrophic, the amount of money behind some sort of deal makes it probable one will be found.
Dr pips has a good calendar,you should check that out
