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This object downloads Forex news from the XE website. XE is a provider of Internet foreign exchange tools and services; the company provides news for the following currencies U.S. Dollar (USD), Euro (EUR), Pound Sterling (GBP), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD) and Swiss Franc (CHF). Historical data for the currency pairs that involve these currencies can be retrieved using the following forex item: Futures and Forex historical data.
How this item works:
For a given currency pair, the downloader gets forex news for each currency, the base currency and the counter currency. The data is downloaded from an RSS feed, it is parsed, added to the "xe_news" database and associated with the currency pair.
For example, if you use the EURUSD, the item downloads forex news for the Euro and for the U.S. Dollar, and then merges the data. You will still be able to recognize whether a news item is associated with the U.S. dollar or the EURO, because the "Currency" field of the database will contain the currency name.
Forex news fields:
Symbol: The forex pair
Date: The date and time at which the news was released
Title: The news title
Description: The news description
Link: The news link
Currency: The currency that is associated with the current news
Example:
AUDCAD
14/04/2010 07:06
14/04/2010 07:06
Aussie up vs NZ$; swap gap near record on weak NZ data
The gap between Australian and New Zealand swap yields widened to near record highs on Wednesday after anaemic retail sales in New Zealand fed talk that kiwi interest rates may not rise in June.
[LINK]
AUD
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.