I use Investing and I like it because they give you the data in a few seconds but you can't follow the speechs, they only thell you that someone is going to speak am I right?
Where can I follow live central bank speechs?
- Thread starter Mikkel
- Start date
That's true. It's very hard to follow live speeches. I guess the reason why you wanna watch speeches live is that you hope to achieve news as fast as possible and then bet according to the info revealed from those speeches. Am I right? I tried to use this strategy before, but finally it was too risky and I felt I was often slower than the market.
Yes, for use this stretagy you have to follow the speech at the moment because the movements are short and fast and it's not easy to follow them so I'll think another strategy
The point is to trade the speech live and take profit of a fast price movement
To do what you suggest, the only solution is your cable channel. Yet, when I mention that before you did not respond about that specifically. Thus, I will assume you don't have access to cable TV or you have cable TV but you're not willing to pay extra to subscribe to one of those channels that cover the live speeches.
Alternative solution as others suggested is Bloomberg...they don't cover all the speeches but they do cover the ones they think are important although it may not be important to what you're trading. Thus, I've seen often on Bloomberg following a live speech that had no impact on the markets and other times Bloomberg is not following a live speech that had a huge impact on the markets at the time the speech started.
The latter above is something I'm hinting to you. I don't know what you're trading but different events have an impact on the price action while others have zero impact...depending upon what you're trading and when you're trading it.
Yet, these live speeches are directional indications. Instead, they are volatility indications...letting you know when volatility is entering the markets. This gives you a heads up about position size management and basically tells you that if you need to go to the toilet...hold it until the event has completed if you're interested in trading price action that's volatile.
However, if you're just doing it for academic research reasons (that could be why you were interested in a free source)...you can easily do that without the live event. Instead, there are websites, international calendars and a news source keep historical dates and times of such events. You can then just correlate the dates and times with your historical data to see the impact of such or lack of impact.
The other solution given to you about free websites that follows the live stream. Once again, they too do not follow all the live speeches. In fact, they follow very few of the speeches.
That's odd that you say that when you can do the exact same via simply reading the website and knowing the time schedule when the speech is schedule to start and end. For example, if the speech is schedule for 4am in the morning...you know something "could" happen around 4am in the morning. In addition, if you've been paying attention to the market in the days before a speech...if you see the markets hyping the pending speech as being important or something to watch...you know then to be ready to trade around 4am even though you do not have access to the live speech itself.
Note: Live speeches don't give bullish or bearish directional information about the price action. The markets will often do what it wants to do in contrast to the speech. Instead, live speeches tells you the "when" about the change in volatility or supply/demand. That's it.
That's why I'm a little confused why you need access to the actual live speech when you only need to know the schedule of the live speech because it the news has any merits...
Volatility will show up around the time of the live speech and you will see it in the price action on your charts even though you're not actually watching the live speech news on TV, internet or radio.
I've been using international schedule events (e.g. reports, speeches, breaking news, geopolitical events) heavily in my trading for well +15 years to help with the market context of the trading day. Works very well for me although I don't use it to tell me if price is going up or down. As mention above, I use it for many other reasons and I named one particular reason involving position size management.
You really don't need to have access to the live event. You just need to know its schedule time of the event.
P.S. Compare your historical charts going back several years with historical dates/time of live events you're interested in...you'll easily see the connection about what type of live speech or other types of events have an impact on the price action of your trading instrument.
Alternative solution as others suggested is Bloomberg...they don't cover all the speeches but they do cover the ones they think are important although it may not be important to what you're trading. Thus, I've seen often on Bloomberg following a live speech that had no impact on the markets and other times Bloomberg is not following a live speech that had a huge impact on the markets at the time the speech started.
The latter above is something I'm hinting to you. I don't know what you're trading but different events have an impact on the price action while others have zero impact...depending upon what you're trading and when you're trading it.
Yet, these live speeches are directional indications. Instead, they are volatility indications...letting you know when volatility is entering the markets. This gives you a heads up about position size management and basically tells you that if you need to go to the toilet...hold it until the event has completed if you're interested in trading price action that's volatile.
However, if you're just doing it for academic research reasons (that could be why you were interested in a free source)...you can easily do that without the live event. Instead, there are websites, international calendars and a news source keep historical dates and times of such events. You can then just correlate the dates and times with your historical data to see the impact of such or lack of impact.
The other solution given to you about free websites that follows the live stream. Once again, they too do not follow all the live speeches. In fact, they follow very few of the speeches.
That's odd that you say that when you can do the exact same via simply reading the website and knowing the time schedule when the speech is schedule to start and end. For example, if the speech is schedule for 4am in the morning...you know something "could" happen around 4am in the morning. In addition, if you've been paying attention to the market in the days before a speech...if you see the markets hyping the pending speech as being important or something to watch...you know then to be ready to trade around 4am even though you do not have access to the live speech itself.
Note: Live speeches don't give bullish or bearish directional information about the price action. The markets will often do what it wants to do in contrast to the speech. Instead, live speeches tells you the "when" about the change in volatility or supply/demand. That's it.
That's why I'm a little confused why you need access to the actual live speech when you only need to know the schedule of the live speech because it the news has any merits...
Volatility will show up around the time of the live speech and you will see it in the price action on your charts even though you're not actually watching the live speech news on TV, internet or radio.
I've been using international schedule events (e.g. reports, speeches, breaking news, geopolitical events) heavily in my trading for well +15 years to help with the market context of the trading day. Works very well for me although I don't use it to tell me if price is going up or down. As mention above, I use it for many other reasons and I named one particular reason involving position size management.
You really don't need to have access to the live event. You just need to know its schedule time of the event.
P.S. Compare your historical charts going back several years with historical dates/time of live events you're interested in...you'll easily see the connection about what type of live speech or other types of events have an impact on the price action of your trading instrument.
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As you say, it all depends on what one wants from the speech.To do what you suggest, the only solution is your cable channel. Yet, when I mention that before you did not respond about that specifically. Thus, I will assume you don't have access to cable TV or you have cable TV but you're not willing to pay extra to subscribe to one of those channels that cover the live speeches.
Alternative solution as others suggested is Bloomberg...they don't cover all the speeches but they do cover the ones they think are important although it may not be important to what you're trading. Thus, I've seen often on Bloomberg following a live speech that had no impact on the markets and other times Bloomberg is not following a live speech that had a huge impact on the markets at the time the speech started.
The latter above is something I'm hinting to you. I don't know what you're trading but different events have an impact on the price action while others have zero impact...depending upon what you're trading and when you're trading it.
Yet, these live speeches are directional indications. Instead, they are volatility indications...letting you know when volatility is entering the markets. This gives you a heads up about position size management and basically tells you that if you need to go to the toilet...hold it until the event has completed if you're interested in trading price action that's volatile.
However, if you're just doing it for academic research reasons (that could be why you were interested in a free source)...you can easily do that without the live event. Instead, there are websites, international calendars and a news source keep historical dates and times of such events. You can then just correlate the dates and times with your historical data to see the impact of such or lack of impact.
The other solution given to you about free websites that follows the live stream. Once again, they too do not follow all the live speeches. In fact, they follow very few of the speeches.
That's odd that you say that when you can do the exact same via simply reading the website and knowing the time schedule when the speech is schedule to start and end. For example, if the speech is schedule for 4am in the morning...you know something "could" happen around 4am in the morning. In addition, if you've been paying attention to the market in the days before a speech...if you see the markets hyping the pending speech as being important or something to watch...you know then to be ready to trade around 4am even though you do not have access to the live speech itself.
Note: Live speeches don't give bullish or bearish directional information about the price action. The markets will often do what it wants to do in contrast to the speech. Instead, live speeches tells you the "when" about the change in volatility or supply/demand. That's it.
That's why I'm a little confused why you need access to the actual live speech when you only need to know the schedule of the live speech because it the news has any merits...
Volatility will show up around the time of the live speech and you will see it in the price action on your charts even though you're not actually watching the live speech news on TV, internet or radio.
I've been using international schedule events (e.g. reports, speeches, breaking news, geopolitical events) heavily in my trading for well +15 years to help with the market context of the trading day. Works very well for me although I don't use it to tell me if price is going up or down. As mention above, I use it for many other reasons and I named one particular reason involving position size management.
You really don't need to have access to the live event. You just need to know its schedule time of the event.
I follow @DailyFXTeam on Twitter. They are pretty good and prompt about tweeting bullet points, and besides the American Fed speeches, they cover Australia, N.Z., UK, ECB and Canada.
It's good enough for me, because I never trade the event, I'm hopeless at that. What I am interested in is the follow through. For example if the RBA Governor says he's happy with the Aussie weakness and thinks an even lower level would be good, there usually is follow through, so I pick an entry and ride the move.
I'm glad you mentioned twitter.
Its an excellent source especially if someone if using live tweet feeds...one can easily get live info about these live speeches on twitter. Its free.
If someone chimes in about twitter as not being a useful real-time news source...its very common to see real news hit twitter before the financial networks pick up on it and discuss it minutes later. Same with live speeches. If someone knows whom is giving the speech...they simply type that name in the twitter feed and sit back watch their live tweet feed that comes in about that person and the speech.
Lots of folks that's actually watching the live speech will tweet key points as it happens. Institutional firms use it and I really don't see why us retail traders don't use twitter.
Its an excellent source especially if someone if using live tweet feeds...one can easily get live info about these live speeches on twitter. Its free.
If someone chimes in about twitter as not being a useful real-time news source...its very common to see real news hit twitter before the financial networks pick up on it and discuss it minutes later. Same with live speeches. If someone knows whom is giving the speech...they simply type that name in the twitter feed and sit back watch their live tweet feed that comes in about that person and the speech.
Lots of folks that's actually watching the live speech will tweet key points as it happens. Institutional firms use it and I really don't see why us retail traders don't use twitter.
If those are the ones you mean, I think have come across a site of the ECB sometimes ago. I believe you can follow up there by navigating the site through, www.ecb.europa.eu. Hope it helps.