Best News sites to check News data

Best News sites to check News data

I got many emails from our clients they ask for good data news site so we can check forex data news and react upon news and get some pips in forex trading, i don't mind telling people about any good website, but some forex brokers websites really give delay intentionally to delay the data number so users can't react on news trade but some forex websites shows news data before any one and dafinately those are not broker's websites and may be forex signal provider's websites, any way i am not here to discuss brokers or forex signals, just to let you guys know about data news websites so here are the popular websites:

http://www.bloomberg.com expensive but fast

http://www.tradethenews.com average price fast

http://www.newsstrike.com so far its free and fast in audio format

http://www.forexfactory.com free and fast in text format

http://www.easy-forex.com free and slow in text format


Thanks and Best Regards
Fxforecaster Team
www.fxforecaster.com

Today NFP Data is probably expected in the favor of Dollar

News Update for Friday, Oct 05, 2007 (8:30 AM EST US NY Time)

We have total three important data news today two of them coming out of US at 8:30 AM EST Sep 07 and other one from Canada at 07:00 AM EST time, this is very important and exciting event.

CAD Jobs Data at 7:00 AM EST

US NFP Data at 8:30 AM EST

Extreme caution required on this data news event so trade forex signals accordingly...

CAD JOBS DATA :

First Major News coming out from Canada is Jobs- Net Change Data which is most important news, it will come out from Canada around 07:00 AM EST. The expected number to come is 16K versus 23K of last month. if the Canadian jobs data comes out at 5K or lower near to zero, it will spike up the USD/CAD by 50 pips or more in the first 60 minutes of the data news. don't miss the initial spikes, if the Canadian jobs data comes at 32K or higher, it causes the USD/CAD down by 40 to 50 pips in the first few 60 minutes of the data news.

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US Non Farm Payroll Data:

This time Non farm payroll is confusing because of negative reading last month, On this first Friday of the month of October the US Non-Farm Payroll data is coming out from US. The previous number was -4 K, Now we are Expecting NFP data around 100K. If the NonFarm data comes out above 140K or higher we will Sell EUR/USD and GBP/USD, but if the data comes around 50K or lower, our strategy will be to Buy/long EUR/USD and GBP/USD and target will be 50 to 80 pips on either side.

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Traders are advised to Trade Instant Signals according to the News.. Newbie traders are advised to trade this event on demo account. if your Broker's platform wide their spreads during news time don't try to trade news data on that platform.

Traders are advised to put their own stop-loss and limits according to their own experience on open trades.

This News Letter is also Available on our Forex Signal and News Blog at:
http://fxforecaster.blogspot.com

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