Do you know what kind of news that affects the Forex market? You have probably heard that particular news can influence the price movement in the Forex market. Economic news that have direct effect to a country’s currency value is among the important one.
For instance, news related to employment and unemployment rate would be of interest in the Forex market. Meanwhile, news regarding a country’s interest rate and consumerism rate could also change direction of the Forex market. However, keep in mind that economic news is not the only one.
It’s no secret that political news may also influence the Forex market. This is because political issues can encourage changes in how regulations about many sectors would be handled in the future. Uncertainty caused by political conditions can also affect the Forex market’s conditions.
Mostly, it is because political situations can adjust the world’s perception to the value of a country’s currency. Political news that affects Forex market may vary as well and knowing it would be beneficial for formulating your strategies and trading plans in the upcoming days.
News and Economic Releases That Influence the Forex Market
Then, what kind of news that influence the Forex market exactly? Even though you are not interested in trading on news releases, it is still important to understand any kind of news that may change the direction of price movements in the market.
1. New policy from central banks
News related to any change in a country’s central bank policy typically influences price movement in the Forex market. New monetary policy can be about adjustment in interest rate or other things. Depending on the adjustment, changes in monetary policy can create up and down trend.
2. Random tweets
Nowadays, news that affects Forex market is not limited to those delivered through business magazines or live TV shows. Random tweets on the social media by particular world leader or influential figures can also influence the price movement in the Forex market.
3. Economic releases
News that involves economic data releases will largely influence the Forex market. Whether the data is about economic growth or inflation rate or employment data, these releases will indeed change the direction of the market. Industrial production and retail sales data releases are influential too.
Besides, news that has connection with business sentiment surveys, consumer confidence surveys, and manufacturing sector surveys typically impact the Forex market too. Trade balance and housing data are other economic releases that can influence the market. For your information, different countries probably use distinctive terms for the said news.
Learn Important News and Economic Releases with Didimax
It seems like you have many things to learn when it comes to news that affects Forex market. If you think that learning the whole things would be overwhelming, especially if it is done alone, find a professional help may be useful.
Attending trading courses that cover news and economic releases would be a good choice at this point. If you don’t have a budget for taking paid courses or not willing to allocate it, consider searching for free ones that are offered by reliable providers like the best Forex broker.
The good news is that you have
Didimax’s Forex broker to be counted on. As a reliable Forex broker in Indonesia, Didimax offers various trading courses for its traders. You can join webinars, seminars, or even private training presented by professional and experienced mentors in Didimax.
All in all, if you are being serious about trading Forex, understanding influential news and releases in the world of Forex would be critical. You can take free courses with Didimax to learn further about the currency market including something related to news that affects Forex market.