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Hi all.
Not sure, if I'm in the right forum ... If not, please advise me or just relocate the post.
I'm currently working my way into order flow, using Jigsaw. I find news interesting - especially when to avoid, or trying to trade the secondary reaction.
As many do with the ES, I am looking at the Forex Factory Calendar. With the FGBL I found that some that are relevant to EUR or GBP, don't affect the FGBL or likewise, it reacts strongly to "yellow" news etc.
Is there a source that would enable me to focus on news relevant for german bonds? Relevant in the sense that the FGBL or FGBM would regularly or to your experience react to.
Best regards,
Hendrik
Can you help answer these questions from other members on NexusFi?
Trading around fundamentals can be a complex subject. There is generally no straight answer in terms of "if x happens, FGBL will do y".
How markets react to news and economic indicators release usually needs to be put in context. Factors that may affect one given product include data release expectations, monetary policy, other markets, etc.
Having said that, there are a few things that products like the Bund can react to, for example
German IFO business climate
German PPI
German ZEW
German CPI
German GDP
General EU data releases
Anything to do with ECB decisions / when Lagarde speaks
This is just an idea about things you may want to watch for.
I find this a very good source of info, and its free... I also monitor a couple of sources for monthly and week ahead views, which give a different tone and context. Try Ing Bank. Which releases are expected to be important etc.
As well as the list above, lately I've noticed there can be decent reactions when the 'final' data is released after the 'flash' numbers. All this can be handy for ETH times.
For me, its not understanding the number, its knowing at xx o'clock, something might happen...
Hi explorer.
Thanx for the extensive answer. Actually I'm practicing trading from the DOM. So my intention is not to understand the fundamentals and their workings on the FGBL.
I have come to the the conclusion that the general advice to avoid news in this context is good. I do however incline to the hypothesis that trading the second reaction to news might be profitable. So avoid the primary (over) reaction and see how the market corrects. At times it doesn't
Thanx for the list of events to focus on )
I couldn't put it in better words. I found the calendar very good, as it doesn't focus on FX. I tried ING, but the "think" section is above anything that could be useful for me.
Is there a different source for what you mentioned about the release of numbers "after the flash"? I remember, but don't find anymore a post about when to listen to squawk, asking for a method to find out when an announcement ends ...
Numbers are often released as Flash, or Preliminary or Initial, and then corrected/adjusted a couple of weeks later (Final).
Both sets of numbers can cause an tradeable reaction.
On 22 Feb, there's the French, German and EU PMI Flash numbers released between 8.15 to 9.00am UK time. These are usually worth a watch. Numbers
Just to add to the Thursday PMI numbers.... I see Nvidia release their earnings number after the close on Wed 21st. I guess there'll be big movement going into the new ETH and the following Euro/UK morning (22nd) will be quite lively, possibly adding to the PMI reactions...
