European shares fell during early trading Wednesday, August 3, 2022, ahead of key business growth data, while broader markets awaited the po… Forex.Academy is a free news and research website, offering educational information to those who are interested in Forex trading. Forex Academy is among the trading communities’ largest online sources for news, reviews, and analysis on currencies, cryptocurrencies, commodities, metals, and indices. As for economic data, it arrived with downward revisions Forex to durable goods, but that did little to slow up the pace of flow into the greenback in North American trade. US June factory orders +0.7% vs +0.7% expected and US weekly initial jobless claims 218K vs 220K expected. Markets now look ahead to nonfarm payrolls expected to be strong against the backdrop of the ADP numbers and the uptick in manufacturing employment. As we conclude this guide on how to use the forex factory calendar, we would like to summarize some important points from the article.
- It gives information regarding the upcoming news events, filtering them from low to high impact.
- The Forex factory calendar is probably the best Forex news calendar right now.
- The sharp rise in real retail sales we expect in Q2 needs to be viewed in the context of a weak 0.2% in Q1.
- Forex Factory is an advanced trading tool for professional forex traders.
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Chart Patterns: The Head And Shoulders Pattern
Using a forex factory calendar is simple, visit the website, select the “Time” button at the top of the page, and choose your time zone. To use the forex factory calendar, visit the website, select the “Time” button at the top of the page, and choose your time zone. https://www.forexlive.com/ As you may have understood how to set up a forex factory tool, let’s discuss how to trade Forex price action using the forex factory calendar. The news’s scheduled time and expected impact are where the Forex Factory calendar shines for technical traders.
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Select The Desired Time Frame
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