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Pairs to Trade on the News

gramanno

New Member
It is not enough to know the major news releases. You have to know where to anticipate the effects of the news.

Forex contains eight major currencies.

  1. Australian dollar (AUD)
  2. British pound (GBP)
  3. Canadian dollar (CAD)
  4. Euro (EUR)
  5. Japanese Yen (JPY)
  6. New Zealand dollar (NZD)
  7. Swiss franc (CHF)
  8. US dollar (USD)
These major currencies combine to form highly liquid currency pairs. Because of their liquidity, they are very sensitive to important news releases. So, you could trade the news on any of the currency pairs involving the major currencies in forex. However, some of the most liquid of them are:

  1. AUDUSD
  2. CHFJPY
  3. EURUSD
  4. EURCHF
  5. GBPJPY
  6. USDJPY
 
If you wanbt to scalp on news, you can choose volatile trading pairs like XAUUSD, GBPJPY and CADJPY etc. So, before entering forex, build your mentality first.
 
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