News events have a significant impact on the forex market, with newsflow being one of the driving forces that determine forex market fluctuations. Notable events surrounding economic data, political developments, and geopolitical occurrences can greatly influence trading decisions and the outlook that traders have for the various markets – all of which dictate how markets are priced. Perry suggests that while news events can create short-term market volatility, they can also generate long-lasting market trend shifts and that even the simplest of surprises in economic data, be they positive or negative, can result in significant currency pricing fluctuations. “These can last for a few minutes or even hours before the impact of the next news event shifts the market on a different trajectory,” adds Perry.
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