Forex Market News

We’re also a community of traders that support each other on our daily trading journey. On that release date, the forex market was expecting a rather upbeat 159K number consistent with a fairly buoyant U.S. economy, but the actual rather dismal result was the addition of only 38K jobs, and the previous 160K result was revised down to 123K. If you’re a trader, one of your big frustrations is buying something you know to be strong, only to see it lose value in a sell-off. There are many reasons why this could happen, but it could come down to differences in the way traders process information. This idea was highlighted in Nobel Prize-winning economist Daniel Kahneman’s book Thinking, Fast and Slow. March 14 – EMTA, ISDA and FX Committee announce addition of new Brazilian Real rate source definition. February 2 – Bank Indonesia has recently announced certain restrictions with regard to foreign exchange transactions involving the Indonesian rupiah.

• The Dollar also fell significantly against the other major currencies at the same time.
• This report is probably the most closely watched economic indicator because of its accuracy and its importance as an indicator of the U.S. economic activity.
• More exactly, prices tend to increase as a rumor occurs on the market and decrease when the rumored event is released.
• After a weak number in September, the euro was holding its breath ahead of the October number, which was to be released to the public in November.
• Relevant Referendum Votes – Public votes on important national matters, such as staying or leaving an economic bloc for example, can significantly affect the value of that country’s currency.

As we mentioned before, an exchange rate is primarily determined by macroeconomic fundamentals, such as domestic and foreign money supplies, real incomes, interest rates, price levels and the balance of international payments. Basically, foreign exchange rates are derived from long-term economic fundamentals, these variables measuring the value of one currency against another. Figure 1 lists the approximate times of the most important economic releases for each of the following countries.

buy The Rumor, Sell The News Explained

February 17 – FXC announces new set of best practices for the barrier option market. South Korean President met with economic officials on Friday, when the won traded 0.6% higher, amid https://trans4mind.com/counterpoint/index-finance-business/dotbig-reviews-based-on-comments.html talk of modest intervention in the forex market. Patience and discipline will help the trader entering the market at the wrong times and turning small losses into bigger losses.

By Rae Wee SINGAPORE – The Australian and New Zealand dollars gained ground on Monday ahead of expected rate hikes from their respective central banks later in the week, while the dollar slipped against a basket of currencies. Clients and prospects are advised to carefully DotBig LTD consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record.

The Pound Is Sent Into The Ground During Thin Asian Trade

Gross Domestic Product measures the dollar value of all goods and services produced within a Forex news country. The product and services on this website are not available for Hong Kong residents.

The chart above illustrates—with two horizontal lines forming a trading channel—the indecision and uncertainty leading up to October non-farm payroll numbers, which were released in early November. Note the increase in volatility that occurred once the numbers were released. Not only is the reported consensus figure important, but so are the whisper numbers and any revisions to previous reports. Also, some releases are more important than others; this can be https://twitter.com/forexcom?lang=en 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. Since the dollar is one side of many currency pairs, U.S. economic releases tend to have the most pronounced impact. See what’s in store for the markets with our global economic calendar and daily session briefings. Find the market events that matter with filters for currency and importance.