In the forex market, you do not need to predict the effect of the news. You should just stay alert to economic reports and major events and avoid the market during these times. The news and especially the time of news announcement should not be ignored even if you are only using technical indicators & graphs and do not consider the fundamentals behind a currency pair.
With all of the different time zones involved in the various forex trading sessions around the globe, you will find that something is happening virtually 24 hours a day. You should, however, focus on the regular announcements and reports in the countries that interest you the most.

News plays a pivotal role in forex trading, influencing market dynamics and shaping currency values. Traders closely monitor economic indicators, geopolitical events, and central bank announcements as they directly impact currency pairs. Economic data releases, such as employment figures, GDP growth, or inflation rates, provide insights into a country's economic health, guiding traders in making informed decisions.

Central bank statements and interest rate decisions are crucial, influencing currency strength or weakness. Political developments, trade tensions, and global events contribute to market sentiment, affecting currency movements. Timely news analysis helps traders anticipate market trends and volatility, enabling strategic entry and exit points.

Failure to stay informed can result in unexpected market reactions, leading to significant financial losses. Successful forex trading demands a comprehensive understanding of news events and their potential impact, underscoring the importance of staying abreast of global economic and political developments in the dynamic forex market.

In the dynamic realm of forex trading, staying informed through timely and accurate news is paramount. The forex market is highly responsive to global events, economic indicators, and geopolitical developments, making access to relevant news an indispensable tool for traders. Market sentiment can swiftly shift based on breaking news, affecting currency values and trade outcomes. Traders rely on news updates to anticipate potential market movements, manage risks, and make informed decisions. Economic indicators, such as interest rate decisions, employment data, and geopolitical events, can significantly impact currency valuations. Additionally, news helps traders identify trends and potential profit opportunities. In the fast-paced environment of forex trading, being well-versed in current affairs and market news is not just beneficial; it's a strategic necessity for those seeking success in this complex financial landscape.