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A new site named News Data Report is live on air. It announces the major economic news in a very clear and speedy way. That’s it. Very simple. Here’s a quick review.

There are many sites have excellent economic calendars. My number one site is Forex Factory. Another good site is FXStreet. These sites have lots of other features, with a nice calendar being one of them.

News Data Report focuses solely on breaking news. Their goal is to bring the most recent news as fast as possible, and to emphasize it. Their site currently of consists of one and only page. The page shows the upcoming major event, or two complementary events. I’m writing this review in anticipation to the Non-Farm Payrolls, so we can currently see both Non-Farm Payrolls and the Unemployment Rate. – Click to enlarge

In addition to showing the news (or upcoming news) in a large font, the site also speaks out the news, using Text-To-Speech (TTS). As soon as the news breaks out, I’ll hear it. It’ll grab my attention instantly.

While a single purpose site is very simple to understand and use, I hope these guys will have more features in the future. The first feature I’d like to see is a separate page for past and future events. Though there are already excellent sites for this, such complementary information is essential.

Another feature is a blog: I think that a blog is great for every company, and especially for new companies. I’d like to see who’s behind the company, what’s in the pipeline and what these guys think.

All in all, it looks like a young and good initiative which is already a good tool for forex traders. I hope that they’ll enhance their site in the future.