Stocks & Commodities V. 27:8 (66-67): BBForex.com by Jayanthi Gopalakrishnan
BBForex.com by Jayanthi Gopalakrishnan
When trading currencies, keeping abreast of forex-related news is very important, which is why if you go to any forex site you expect to see a real-time news update. But have you ever seen a site where the forex-related news is merged with the price chart? To see this wonderful feature, all you have to do is visit www.BBForex.com. This was what piqued my interest and encouraged me to explore the other features available on this site. Given that the website is one of John Bollingerís collections of products, the impressive list of features should come as no surprise, given his reputation in the field of technical analysis. Still, itís always nice to see something unique when you visit a website.
You can see an example of the merging of the chart and news feature in Figure 1. On this 30-minute chart of the Eur/Usd, I have used the colorful Bollinger bar charts. Some bars have a letter displayed on them. If you click on any of these letters, you will see the forex-related news item released on that date. On June 17, 2009, there was a news release stating that the Euro-zone exports fell 21% in the first quarter.
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