Due to the upcomingHong Kong National Day 2021 on 01 October, there will be temporary changes to FXTM’s trading schedule. Due to the upcoming Hong Kong National Day 2021 on 01 October, there will be temporary changes to FXTM’s trading schedule. Please check out the table below for the schedule of all the… Due to the upcoming Chung Yeung Festival in Hong Kong on 14 forex news October 2021, there will be temporary changes to FXTM’s trading schedule. Please note that in observance of the upcoming Daylight Saving Time End 2021 within October 31- November 7, there will be temporary changes to FXTM’s trading schedule. Due to the upcoming National Unity Day in Russia on November , there will be temporary changes to FXTM’s trading schedule.

If the EUR/USD exchange rate is 1.2, that means €1 will buy $1.20 (or, put another way, it will cost $1.20 to buy €1). Additionally, in the event of low liquidity, spreads might significantly increase from their normal average level. In the event of low liquidity, spreads might significantly increase from their normal average level. Swedish Prime Minister-designate Magdalena Andersson has resigned, just hours after her confirmatory vote in parliament. If the value of the U.S. dollar strengthens relative to the euro, for example, it will be cheaper to travel abroad (your U.S. dollars can buy more euros) and buy imported goods . On the flip side, when the dollar weakens, it will be more expensive to travel abroad and import goods .

High impact news trading can be very rewarding or very painful. The extra volatility that comes with the latest Forex platform needs to be understood and approached in the right way. In terms of USD forex news this is the most important news event, as this currency is quoted in all major currency pairs and most other currencies are quoted against the US dollar also.

Now you have a chance of leaping forward at attractive introductory rates. For Black Friday, FXStreet is offering discounts of up to 50% on its upgraded Premium plans. Also extremely important is a good understanding of the macro economic factors in play. If you don’t understand the economic consequences of the factors in play it is hard to trade the market correctly.

The other source of information, which is a must, is a direct and timely print of the data releases from a forex news calendar. There are various places where you can see this info as it is published. Two well-known sites are the forex factory news calendar and the Street news calendar.

Political Risk

Another point for consideration is that there are considerable bouts of volatility immediately after a release, sometimes in the direction contrary to the general trend. One of the most anticipated events for the FX industry news is Non-farm Payrolls from the USA. This data release is watched by traders and investors globally across all markets from FX to stocks and bonds. All experienced traders will testify as to how macro economic events and high impact news effects currency values. Whether you’re a scalper; perhaps using automated trading methods and expert advisors to trade the FX markets, who needs to react in lightning quick fashion.

  • In addition to the majors, there also are less common trades .
  • There are various places where you can see this info as it is published.
  • Information provided on Forbes Advisor is for educational purposes only.
  • The Federal Reserve chairman Powell made comments that pledged renewed commitment to maintain the economic stimulus underway.
  • The global financial markets are interconnected and depend greatly on the financial and macroeconomic statistics.

In the event of decreased liquidity in the market, FXTM may switch trading on low-liquidity instruments to “Close Only”, or close all trading on these instruments. Please note that in the event of decreased liquidity in the market, FXTM may switch trading on low-liquidity instruments to “Close Only”, or close all trading on these instruments. In the event of decreased liquidity in the market, we may switch trading on low-liquidity instruments to “Close Only”, or close all trading on these instruments. Despite the EUR/USD showing a bearish trend leading up to the meeting the EUR/USD rallied immediately after the release of the FOMC statement. The red circle on the chart below indicates the candle that begins at the time the statement is released.

If you have any questions or concerns about these changes, please don’t hesitate to contact our dedicated Customer Support team. If you have any questions or concerns about these changes, please don’t hesitate to contact FXTM’s dedicated Customer Support team. If you don’t have a FX Markets account, please register for a trial.

An increase in inflation figures makes a currency more attractive, as it increases the chance of central bank action to raise interest rates. An increase in inflation means the economy is improving and a better performing economy makes a currency more attractive. Central banks also watch inflation figures to determine forex their monetary policy. If inflation is lower than their target rate, often around 2% in developed economies, they will probably implement an expansive monetary policy. This is the primary forex market where those currency pairs are swapped and exchange rates are determined in real-time, based on supply and demand.

Forex News

Before joining Forbes Advisor, John was a senior writer at Acorns and editor at market research group Corporate Insight. His work has appeared in CNBC + Acorns’s Grow, MarketWatch and The Financial Diet. Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available.

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The market has already priced in the expected release or event. If there is a large deviation from the expectation then we can expect a considerable price move. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities.

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The size of the US economy together with it being a reserve currency means that it effects FX markets across the board. Often the actual number released for Non-farm Payrolls deviates from the expected figure, so we often see increased bouts of volatility after the release. The market looks at inflation figures to try and assess the likelihood of a central bank taking action at its next monetary policy meeting. Again, the expected figure for inflation is already priced into the market.

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Due to the upcoming US Thanksgiving Day from November 2021, there will be temporary changes to our trading schedule. Please refer to the table below for the schedule of all the… Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.

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The figure released was 4.3% with an expectation of 4.1% matching the previous estimate. 0.2% is not an extremely large increase, but as the market was already bullish on the dollar, a better than expected figure helps push EUR/USD lower and faster than the preceding hours. Below you can a price chart that illustrates an example of a Non-farm Payrolls were particularly good, at 916K compared to a forecast of 647K.

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Please refer to the table below for the schedule of all the instruments that are subject to changes. Welcome to the FXTM news portal; the place where you can find the most up-to-date and detailed information on our latest products, promotions, services https://sunseeminternational.com/swing-trading-for-dummies/ and events. For any questions you may have, our Client Support Team is always on hand to help. The FX Markets Best Banks Awards are the most accurate indicator of who is leading the market, according to banks, corporate treasuries and investors.

Currency rates — the basic instruments of the foreign exchange market — are affected by the by major financial news, fundamental statistical reports and important geopolitical events. But nothing compares to seeing the actual effects of the news on the Forex market. Like any other market, currency prices currency exchange are set by the supply and demand of sellers and buyers. However, there are other macro forces at play in this market. Demand for particular currencies can also be influenced by interest rates, central bank policy, the pace of economic growth and the political environment in the country in question.