Sec Most brokers have a free news plug in with their deal station.
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Major reports released for USA include Non-Farm Payrolls,Trade Figures,Retail Sales,Durable Goods,Consumer PriceIndex,Treasury International Capital,Current Account and Advance GDP. The process mirrors a lot of the work being done by successful affiliates already.
The market can move 100pips in 30 seconds occasionally.
If the released figure varies considerably from the expected figure, the price will move a considerable distance.