What effects the Forex market?
What effects the Forex market?
All the strategies and technical analysis that you
will learn here are relevant for currencies as well as for commodities.
Whats next?
The two principle characteristics of the forex market
* Education Index
The
forex market is affected solely by macroeconomic data, not by microeconomic
data.
What is macroeconomic data? Raising the interest rate in a country, the
unemployment rate of a country and political conflict within the country.
On the
other hand, microeconomic data are the balance reports of a very large company in
the country, a large business deal which a large company is about to execute
and/or has executed and more.
The
microeconomic data does not interest the forex market and does not affect it.
In
other words, the forex market is affected by large scale and international
events.
The
forex market is comprises of: currencies and commodities. Today, some brokers also
allow trading of indices, futures contracts and certain stocks.
Whats next?
The two principle characteristics of the forex market
* Education Index
