entering or exiting based on the news release and these traders want to do so at the price they feel is best. Economy, but instead only 56,000 jobs were added. There are no real rule books for how to trade fundamentals, so you have to develop your own approach, and your own specific strategy. In November 2014, Canadian CPI beat market expectations.2 and came in.3 with Canadian Dollar subsequently traded up to a six year high against the Japanese Yen. Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast.S.
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Sharp increases in the growth of GDP are very often accompanied by a rise in the value of that countrys currency. Elections, for example, are closely watched by fundamental traders. Learn, forex : News Events Cause, forex, prices to Fluctuate Greatly. The headline figure is expressed as a percentage change from previous e Durable Goods Orders figure is also reported excluding transportation expenditures. A currency is issued by a given country (or group of countries, in the case of the euro). FX spot options are a viable alternative for those who do not care to get whipsawed in the markets by undue volatility before they actually see the spot price move in their desired direction. Also, some releases are more important than others; this can be measured in terms of both the significance of the country releasing the data and the importance of the release in relation to the other pieces of data being released at the same time. This is a good option to buy if you actually have a view on whether the number will be stronger or weaker than the market's consensus forecast. Because of this, its no wonder that traders seek out high importance news events to try and catch a big move. These are the eight major currencies:. When trading news, you first have to know which releases are actually expected that week.
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And because exchange rates reflect key macroeconomic factors like central bank actions, trade balances, and GDP, forex trading can be a great way to take trading positions based on your economic knowledge and intuition. RecentlyRead more