Guest post by Forex Kagi
Forex stories can break at any time. This is a 24 hour market and announcements are being made in different time zones all around the world. From time to time, there may also be an unexpected event like a major disaster which will affect currency costs.
Often it is not required for a trader to be watching for foreign exchange reports from every country in the world. Some are going to impact on you more than others. Economic stories in the United States is affecting us all thanks to the seriousness of the US greenback in the market. Beyond that, you’ll need to look out for news from the states whose currencies you trade. In the case of the EU Dollar, the major powers are Germany, France, Italy and Spain. Remember that Britain and Switzerland have their own currencies.
Most brokers offer a free forex reports service in some form. How comprehensive these services are depends on the broker.