Overview of Economic News Filters

High-impact economic news events can cause significant market volatility, making trading during these periods unpredictable. TradeShields’ Economic News Filters empower you to take control of your trading strategy by avoiding market turbulence caused by such events. These filters are particularly beneficial for day trading, where precision and timing are key.

Key Features of Economic News Filters

Regional Focus: Choose to filter news events from specific regions, such as the USA, Europe, Asia, and Oceania.
Flexible Actions:
- Avoid trading during high-impact news events.
- Automatically close trades or pause new entries around scheduled news releases.
Customizable Trading Windows: Adjust your strategy to bypass periods of uncertainty, protecting your capital and improving performance.

Regions and News Releases

The following high-impact news releases are monitored and filtered by TradeShields:

USA

Includes events that significantly influence U.S. markets, such as:

Interest Rate Decisions: Federal Reserve announcements and FOMC minutes.
Economic Indicators: Nonfarm Payrolls, Consumer Price Index (CPI), Producer Price Index (PPI), Retail Sales, ISM Manufacturing and Services PMI.
Fed Speeches: Chair Powell's speeches and press conferences.
GDP Reports: Quarterly GDP announcements.
Consumer Sentiment: Michigan Consumer Sentiment Index.

For example, upcoming U.S. news events for January 2024 include:

Jan 3, 2024: ISM Manufacturing PMI at 15:00.
Jan 31, 2024: Fed Interest Rate Decision at 19:00.

Europe

Focuses on key Eurozone and UK economic events:

ECB Decisions: Interest rate announcements, press conferences, and President Lagarde's speeches.
Bank of England (BoE): Interest rate decisions and Governor Bailey’s speeches.
Economic Indicators: Consumer Price Index, Harmonized Index of Consumer Prices, Retail Sales, and Employment Change.
PMI Reports: HCOB Composite PMI and S&P Global/CIPS Composite PMI.

Example for March 2024:

Mar 7, 2024: ECB Monetary Policy Statement at 13:15.
Mar 21, 2024: BoE Interest Rate Decision at 12:00.

Asia

Targets high-impact news affecting Asian markets, particularly Japan:

Bank of Japan (BoJ): Monetary Policy Statements, Interest Rate Decisions, and Governor Ueda’s speeches.
Economic Indicators: Tokyo Consumer Price Index, GDP, and Tankan Large Manufacturing Index.

Example for March 2024:

Mar 19, 2024: BoJ Interest Rate Decision at 03:35.
Mar 31, 2024: Tankan Large Manufacturing Index at 23:50.

Oceania (Australia and New Zealand)

Monitors key economic events in the Pacific region:

Reserve Bank of Australia (RBA): Interest rate decisions, press conferences, and meeting minutes.
Reserve Bank of New Zealand (RBNZ): Interest rate decisions and Governor Orr’s speeches.
Economic Indicators: GDP, Trade Balance, Unemployment Rate, and Monthly CPI.

Example for April 2024:

Apr 16, 2024: New Zealand CPI at 22:45.
Apr 30, 2024: Australian Retail Sales at 01:30.

How to Use Economic News Filters

Enable News Filters: In the TradeShields UI, go to the settings tab and select the regions you want to monitor.

Why Use Economic News Filters?

Economic News Filters help you:

Protect your trades from unpredictable price swings, especially helpful if you are building a day-trading strategy.
Maintain consistent performance by avoiding periods of high volatility.
Save time by automating risk management during critical news events.