NewsTrader Pro: Economic Releases Move Forex Markets
Jan 24th, 2008 by OQ in PC Softwares
NewsTrader Pro, the Wincorp's trading software for forex traders. The software charts and analyzes current and historic currency price action for over 60 US and international economic indicators and 9 major currency pairs (AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY).
For each economic release, NewsTrader Pro shows the Actual number, Consensus number and Difference between the actual and consensus - along with a summary of low pips, high pips, total range pips, and average pips per release for each currency pair.
This software is also equipped with candlestick charts, pip spike analysis charts, charts that show pip deviation from pre-release price and a minute by minute OHLC analysis of price movement in the first 3 hours after initial release for each currency pair. Also included are the close prices for 1 Minute, 5 minute, 10 minute and 15 minute timeframes.
Links to the release page for each indicator allow you to get the Actual release numbers as they happen. Links to online economic calendars help you plan for upcoming releases. A unique built-in Google search for each economic indicator and more give you the tools you need to get more pips from every economic release.