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

[forex4you]

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

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.

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

forexlive.com