No foreign exchange trader can ignore the importance of news to foreign exchange markets volatility. Geopolitical developments, peace or conflict situations, financial and economic data releases such as macroeconomic figures, and natural disasters all can have a significant impact on forex markets. The highly dynamic, foreign exchange markets need to keep tracking news developments.
Pay close attention to the timing and importance of this news impact, or you will find that this news is already " yesterday news."
08 May, 2021
How to interpret data
We should only focus on high impact news that has the potential to generate big Forex moves, and it is key for you to know which data is important like:
- Interest rate decision
- Retail sales
- Inflation (consumer price or producer price)
- Industrial production
- Business sentiment surveys
- Consumer confidence surveys
- Trade balance
- Manufacturing sector surveys
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