Forex News Trader – How To Trade Forex Using News And Economic Releases

While many forex traders are technical traders and institute their trades based on technical indicators from a price chart, there are some traders who are basically pure forex news traders.

What is actually forex news trading?

The forex news trader is basically a forex trader who makes his decisions to trade based on news and reports that are released daily. He does not depend on any technical indicators at all.

Why is news trading possible?

The forex market is a 24 hours market, and there are 8 major currency pairs available for trading with well over 17 derivatives, therefore allowing the economic news releases almost daily from any one or more of these currency pairs to impact on their movements.

What are these 8 major currencies that forex traders often watch for economic news releases that impact on their value?

The eight major tradeable currencies are

1. U.S. dollar (USD)

2. British pound (GBP)

3. Euro (EUR)

4. Japanese yen (JPY)

5. Australian dollar (AUD)

6. Swiss franc (CHF)

7. Canadian dollar (CAD)

8. New Zealand dollar (NZD)

The availability of these currency pairs and their derivatives such as the USD/JPN, Euro/USD, AUD/USD and several others means that you can trade some currency or its derivative pair at any time as these currencies span the globe!

So for the forex trader who trades on the news, he will have his eyes and ears set on the release of economic news and data that affect currency values.

Generally, we will watch out for news regarding the interest rates or direction of interest rate such as the FOMC rate decisions, release of retail sales figures, indications of inflation which can be gauged from consumer price index or the producer price index, unemployment figures, news on industrial production, news that indicate a boost in business such as business sentiment surveys and consumer confidence surveys,manufacturing sector surveys and news on the country’s trade balance(such as foreign purchases of US Treasuries).

Different new releases impact upon currencies, and often lead to breakouts in volatility.

The key to trading on news is to take advantage of these movements in volatility which can last a few minutes or hours, and even days into the future.

Trading purely on news release is harder than it seems, but the task is made easier and more profitable with the use of indicators, such as a breakout indicator as a bollinger band or a breakout of a candlestick or a price bar. Statistics have shown news release can trigger movements that range in size from 33 to 124 pips, leading to trading opportunities.

By studying into high probability trade setups that has occurred consistently with the release of historical economic data, the forex news trader can devise strategies that can allow him to extract fast profits from volatile movements arising from news releases. The potential gains can be massive where the forex news trader can react quickly.

Current Mortgage Rates – Keep a Track on Current Mortgage Rates to Get Best Mortgage Deal

As soon as it comes to exploring current mortgage interest rates the primary thing that you will start to observe is that, they will vary frequently all the time even though only by a fraction of the basic points on a daily basis. Actually, as a matter of fact, there are times on any particular day when these rates can vary more than a few times. For that reason, any individual considering refinance should keep a watch on these interest rates cautiously and on a regular basis, with the aim of getting the best possible rate for their mortgage loan at some point.

At present, keeping a track of interest rates on mortgages has turn out to be a rather easy job with the advent of the internet. At the moment the majority of the lenders, banks and other finance companies update their mortgage rates online in any case once daily on a regular basis. On the other hand, there are a few lenders, which have automated systems to update the rates as and when variations occur. So being able to get up to date current mortgage interest rates is very easy to achieve indeed.

In addition to, considering the rates as they stand at present there are other factors that are required to be kept in mind as you perform your evaluations of the different current mortgage interest rates. Here are a few of these factors that might prove valuable and assist you to get the most excellent loan rate feasible.

It would be valuable for you to get a copy of your credit statement that you can subsequently give to the lender you are thinking of applying for a loan and work with. Like this, they can give you a more precise loan rate and you can then be able to come to a decision far more fast if the rate that they propose is helpful to you or not. In addition, it will assist you to confirm that the monthly payments you have to make are the lowest and therefore the ones that you can manage to pay for.

Ahead of you, do in fact submit an application for any loans subsequent to observing the current mortgage interest rates confirm that you are familiar with all the fees involved that you will have to pay for. If you realize that, a few lenders are reluctant to make available these details to you in the beginning then stay away from them at all costs and rely on others for what you want. If you fall short to confirm, what fees are necessary to be paid you might come across a few fees that some of lenders charge, may perhaps eat into the entire monthly income, taking your monthly mortgage payments to over the amount you can manage to pay for to settle up at some point. In addition you can do some research on the internet by visiting websites that specialize in mortgages, these websites have listing of current mortgage rates from leading lenders and banks, which you can compare using mortgage rate calculator provided by these websites to get the best deal.

Real Estate News | Good News For Boca Raton Housing Market

South Florida’s Sun Sentinel published some good news for the South Florida real estate market today in their article on Broward County real estate sales. The article outlined an upward trend in the real estate market that substantiates our experience over the past 6 months. The statistics are encouraging for those interested in buying property in any area of South Florida this year, including the Boca Raton area.

Boca Raton is bordered on the southern edge by Broward County, with Deerfield Beach and Lighthouse Point falling within Broward County borders. These nearby areas lie on the fringes of Boca Raton, and we believe that the following statistics wil shed some light on the states of our real estate market in Boca Raton, FL as well.

The Sun Sentinel has reported details surrounding the upward trend we have witnessed over the past six months, along with some expectations for the real estate forecast in 2012. During the last quarter of 2011, the real estate market began to experience some slight but significant improvements in Boca Raton and surrounding areas. Contracts for sale significantly increased in number during the month of November in 2011, followed by a significant spike in sales in January 2012.

Over the past year, Broward County home sales have increased by 15%. Sales have likely increased due to a number of factors: lowered interest rates, various buyer incentives, decreased home pricing, and a booming rental market. Houses for rent in the local area have increased in number as former home buyers look to rent a home to rebuild cash reserves again.

The median price for a home in Broward County is currently $175,000 as of January 2012, marking a 6% increase in median home price over the past year. Homes for sale in Broward County are being sold at higher prices this year due to the increased competition or the real estate inventory available. Home buyers often find themselves making several offers on houses and participating in competitive bidding wars before eventually putting a contract on any property.

The article outlines a foreclosure town home which was listed for $410,000 and sold for $426,000. This example is a very common occurrence for those looking to purchase foreclosure property in Palm Beach County these days. Competition for property among home buyers and investors has become fierce, with home price increases being the result. The decreased inventory, coupled with growing competition for foreclosure properties, seems to be helping grow our real estate market in South Florida.

If you are in the market to buy a home for sale through MLS or foreclosure auctions, it may be time to readjust our expectations. There has never been a better time to buy property than now-low interest rates, bulk foreclosure home incentives, and the Fannie Mac Renovation and Home Mortgage programs make home purchases more appealing. However, home prices are increasing this year, so buyers may or may not get the price they had hoped for on a property.

You can read the full article on Broward County real estate here: Broward County Home Sales Increase

As always, stay the course if you’re in the market. If you can’t find the home for the price you’re looking for, it may pay to wait for the right deal. Happy house hunting!