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5 Ways News Affects Forex Market

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Have you ever wondered why the Forex market is so volatile? Well, the news affects the Forex market a great deal. News stories that are widely reported, and lend themselves to many interpretations, are usually the source. For instance, the US Federal Reserve raised interest rates for the second time in three months. These rate hikes signify a gradual shift in the Fed’s monetary policy, which signals increased pressure on the dollar. There are several other news factors that also affect the Forex market. Here are five ways news affects the Forex market:

Negative News

The negative news is typically the first way the Forex market reacts to the news. So, for example, if there is a report that a US company was seen lowering its profit forecast, it would likely result in a drop in the dollar’s value.

Market-moving News

News stories that are widely reported, and lend themselves to many interpretations, are usually the source of market moves in the Forex market. For instance, news about the US Federal Reserve raising interest rates for the second time in three months. These rate hikes signify a gradual shift in the Fed’s monetary policy, which signals increased pressure on the dollar. Other market-moving news includes global economic data and political events like Brexit.

Good News

Good news is usually good for the Forex market. For example, if a country’s economy is doing well, traders will see it as a positive news story. The general effect of this is to increase the value of their currency and push up the market price. In contrast, negative news can significantly impact the Forex market, with negative news often being a trigger for significant falls in price.

Rising Metals

If a currency is in high demand, it can be bought up to sell. This will cause the price of that currency to rise and its value to decrease. On the other hand, if a currency is not in high demand, its value will decrease.

Falling Metals

News about falling metal prices can affect the Forex market. The price of metals, like gold and silver, is often shown in several different currencies. For example, the price of gold is usually reported in US dollars, euros, British pounds, and Japanese yen. Therefore, news that the price of one or more of these currencies falls will be seen as a negative signal by traders and investors sending their currency values.

Summary

The Forex is affected by the news. News stories that are widely reported, and lend themselves to many interpretations, are usually the source. For instance, the US Federal Reserve raised interest rates for the second time in three months. Here are five ways news affects the Forex market: 1) The US Federal Reserve raised interest rates 2) Increased pressure on the dollar 3) The EU referendum 4) General economic factors 5) Currency exchange rate fluctuations

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