What Moves The Forex Markets? By Kent Douglas
Investors in any market, be it securities or currencies, wants to know what causes
price fluctuations so they can predict them and make a profit. While stock investors research publicly traded corporations in order to make trading decisions, those on the must consider what influences the currency exchange rates between nations. Because it is so volatile with significant fluctuations in short term prices, it is especially important for the trader to understand what moves the markets in order to be successful and make a profit.
Partly because trades occur 24 hours a day between Sunday and Friday afternoon, the is a very volatile market. Just as with equities, pricing on the is influenced by economic and political factors facing the nations involved in the currency pair. Because the U.S. dollar is used to back 90% of all the transactions on the and its economy plays such a significant role in the world economy, economic data released by the government will affect market prices—temporarily.
Here are some of the prime releases that scalpers or day traders tend to look at when determining whether or not to enter a position:
1. Interest Rate Decisions
Investors in any market, be it securities or currencies, wants to know what causes
price fluctuations so they can predict them and make a profit. While stock investors research publicly traded corporations in order to make trading decisions, those on the must consider what influences the currency exchange rates between nations. Because it is so volatile with significant fluctuations in short term prices, it is especially important for the trader to understand what moves the markets in order to be successful and make a profit.Partly because trades occur 24 hours a day between Sunday and Friday afternoon, the is a very volatile market. Just as with equities, pricing on the is influenced by economic and political factors facing the nations involved in the currency pair. Because the U.S. dollar is used to back 90% of all the transactions on the and its economy plays such a significant role in the world economy, economic data released by the government will affect market prices—temporarily.
Here are some of the prime releases that scalpers or day traders tend to look at when determining whether or not to enter a position:
1. Interest Rate Decisions
2. GDP rate increase/decrease
3. Unemployment data
4. Inflation: Consumer/Produce price
5. Retail Sales
6. Consumer Confidence Surveys
7. Business Confidence Surveys
8. Trade Balance
9. Manufacturing Confidence Surveys ...(and more...>>)
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