60% of FX price changes occurred within the first minute of an economic release

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This is an interesting piece from Finance Magnates (good buddies of ForexLive!), it examines FX Market Reactions to Key Economic Events:

  • focus on Federal Reserve meetings, NFP releases, and CPI announcements
  • using high-frequency data to analyze millisecond-level price changes

The report highlights the speed of price movements. It shows that 60% of price changes within an hour happen within the first minute, with 30% occurring in the first two seconds after an economic release.

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I guess many of us reading this won’t necessarily be trading “millisecond-level price changes”. Some will, most won’t I would think. But for us (me included) manual retail traders the info suggests getting on the quickly-established trend, perhaps on a pullback in price, could be the trade opportunity – backed by this data.

The link above is to the FinMag article. Let me know what you think in the comments!

This article was written by Eamonn Sheridan at www.forexlive.com.



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