Being updated with forex news is beneficial for all traders whether new or old. Changes and trends in the market particularly in currencies are often seen first through the news. The news is of course available over the television, in publications, and online.



Foreign exchange news and related information impact trading in many ways. They aid a trader in choosing which currency to bet upon and when to do so. Most bets are placed based on what is in the current news. A trader of course picks the currency with the highest value at the moment. The bets are also ideally timed such that they are placed at the very instant that updates are released.



Although basic knowledge of trading is needed before participating in any form of trade, forex trading is the easiest. Deep analysis of trends and market structures are not necessary. Receiving regular news updates in a timely manner will suffice. A trader can already make a choice based on the news he sees on TV or online.



There are eight major currencies in the world which are best chosen for forex trading. These include the U.S. dollar or USD, the euro or EUR, the British pound or GBP, the Canadian dollar or CAD, the Japanese yen or JPY, the Australian dollar or AUD, the New Zealand dollar or NZD, and the Swiss franc or CHF.




News clips on the ratings and positions of these currencies are abundant online and elsewhere. This makes them the best picks in terms of foreign exchange trading.



When anticipating forex news, there are specific update schedules on most business and finance channels and websites which anyone can use. In the U.S., important updates on the dollar are expected to be released from 8:30 to 10:00 in the morning at Eastern Standard Time (EST).

Forex News – News Timing

Following the same time zone, the schedules of updates on other currencies are as follows: the EUR updates are given at 2:00 to 6:00 A.M., the GBP from 2:00 to 4:30 A.M., the CAD from 7:00 until 8:30 A.M., the JPY from 7:00 until 7:30 P.M., the AUD from 5:30 to 7:30 P.M., the NZD from 4:00 to 8:00 P.M., and the CHF from 1:30 until 5:30 A.M.



These time frames may of course vary from channel to channel and website to website, but only with minimal differences. The releasing of forex news is often simultaneous in many websites and channels because it comes from a common source.

Forex News and The Impact