This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. In general, news that has a significant impact on individual company shares may not have a major impact on currencies. Stock market news that has little or no impact on currencies includes earnings reports, management changes, mergers and acquisitions and partnerships. Therefore, it may be easier for some to make more reliable trading predictions on how the market will perform. Forex markets tend to respond the most to macroeconomic news – the kind of developments that reflect or impact broad economies.
- In fact, the USD is down 1.3% against the ZAR since the beginning of the year, all the while, the USD index has been super bullish, up 6.1% YTD.
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- Some investors turned to nonfungible tokens in search of a haven among digital assets in the fi ..
- The Kiwi took the crown this week after an expected rate hike from the RBNZ, & arguably on a potential shift in broad risk sentiment.
- The table below shows some of the main resource currencies and the commodities that affect them.
From time to time, however, economic announcements are very different from what the broader market was expecting, and this can cause an opposite market reaction. For example, if a central bank hints that rate cuts may be coming, but the currency still rises, there could be other factors in addition to the prospect of interest rate changes.
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce. Some investors turned to nonfungible tokens in search of a haven https://www.ig.com/en/forex among digital assets in the fi .. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. Oil Crude prices were little changed after the EIA crude oil inventory report showed stockpiles are…
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This is particularly true in the currency market, which responds not only to U.S. economic numbers, but also to news from around the world. Here, we look at which economic numbers are released when, which data is most relevant to forex traders, and how traders can act on this market-moving information. Certain major economic announcements can bring additional volatility in the markets, even if it is for just a short period of time. Traders should be aware that demand for many commodities – and therefore the commodity’s price – rises and falls with the seasons. Seasonal forex trading news and impacts tend to be seen in energy and agricultural commodities, but less so for precious metals.
These events can all have an effect on market sentiment and cause major price swings within the financial markets. A news trading strategy involves trading based on market expectations, both before and after a news release. Trading on news announcements can require you to make quick decisions, as the financial markets may be impacted almost immediately. Therefore, you will need dotbig investments to make quick judgements on how to trade the announcement. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at © 2020 OANDA Business Information & Services Inc.