marym
Active member
Major economic events and news can have a significant impact on forex markets, as they can cause volatility and fluctuations in currency prices. Here are some examples of economic events and news that can impact forex markets:
- Interest rate decisions: Interest rate decisions by central banks can have a major impact on currency prices. If a central bank raises interest rates, it can attract investment and strengthen the currency. If a central bank lowers interest rates, it can lead to a decrease in investment and weaken the currency.
- Gross Domestic Product (GDP): GDP is a measure of a country's economic output and can impact currency prices. A strong GDP can lead to increased investment and a stronger currency, while a weak GDP can lead to decreased investment and a weaker currency.
- Inflation reports: Inflation reports can impact currency prices by indicating the strength or weakness of a country's economy. High inflation can weaken a currency, while low inflation can strengthen a currency.
- Political events: Political events, such as elections and government policy changes, can impact currency prices by creating uncertainty and volatility in the markets.
- Natural disasters: Natural disasters, such as earthquakes and hurricanes, can impact currency prices by disrupting supply chains and causing economic uncertainty.