In the currency market, economic data released by the economies of various countries tends to be the most significant catalyst for movements of currency exchange rates in the market. Forex news trading involves taking advantage of these fluctuations in the market by trying to make the most of the market move as the news release comes out.
For a trader who follows fundamental analysis strategies keeping a track on new that affects forex is an absolute necessity as the moves in the currency rates reflect the fundamentals of their trading system. In the large amount of economic data released a trader needs to filter out the news that will affect the currency pairs he is interested in and the ones he is already trading. When the news comes out, a trader must pay close attention to the reported consensus figures but also to the revisions and whisper numbers (unofficial and unpublished rumours about figures).
Usually interest rate decisions, employment reports and GDP numbers are the most affecting factors to the currency rate.Learn Forex Forex News
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