How to trade just before major announcements Avoid opening p | Forex Trading Experts 📊 HYCM

How to trade just before major announcements

Avoid opening positions just before major announcements

When a major news announcement is about to be released financial markets typically consolidate. Ranges become smaller, volume dries up, and volatility falls. Why? Simply because few traders want to take financial risk prior to a major news event. This article will give you some general tips on trading just before a major news announcement.

The greater the risk of the event the less direction you can see prior to the meeting. So, a hotly anticipated central bank meeting will see more of a price ‘freeze’ (period of smaller range activity) than a lower-tier economic data point that the market is not looking at. The general rule of thumb is this: the greater the anticipation, the smaller the price moves just before the event.

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