How to Trade XAUUSD During High-Impact News: NFP, CPI, FOMC & Major US Economic Data
How to Trade XAUUSD During High-Impact News: NFP, CPI, FOMC & Major US Economic Data Introduction Gold (XAUUSD) can move extremely fast when major economic news is released. A technical setup that looks perfect before the announcement can become invalid within seconds. For this reason, traders need a specific plan for high-impact news. The objective is not to predict the news. The objective is to manage risk and wait for the market to reveal its direction. What Is High-Impact News? High-impact economic events are announcements that can cause significant market volatility. Important events for XAUUSD traders include: • Nonfarm Payrolls (NFP) • US Consumer Price Index (CPI) • Producer Price Index (PPI) • Personal Consumption Expenditures (PCE) • FOMC interest-rate decisions • Federal Reserve press conferences • Unemployment data • Average Hourly Earnings • Major US economic reports Why Does News Move Gold? Major US economic data can change expectations about: • Federal Re...