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Currency trading reports can break at any point. This is a 24 hour market and announcements are being made in different time zones all over the world. From time to time, there may be an unpredictable event such as a major disaster which will affect currency prices. While there’s not very much you can do about that, you definitely can monitor the planned events.
Typically it’s not mandatory for a trader to be watching for forex stories from every country in the world. Some are going to impact on you more than others. Economic stories in the States has effects on us all thanks to the importance of the US dollar in the market. Beyond that, you’ll need to watch for news from the countries whose currencies you really trade.
Most brokers offer a free forex news service in some form. Many also publish a currency exchange calendar. Some will send forex reports alerts to your email, telephone or desktop.