Events that cause major movement in forex?
Events that cause major movement in forex?
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Umair · External communityPost link
External question — Personal Finance Stack Exchange
Author: Umair
Original post: https://money.stackexchange.com/questions/55424
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US Federal Reserve's FOMC report is one such event I've identified that more often than not has a significant impact on currency pairs adjacent to the USD. And the ECB's interest rate report is another such event which has a similar effect for currency pairs with EUR being one of them.
For someone who's still relatively new to the forex market, what other events should I mark out on my diary as change-inducing ones?
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Jon Grah · External communityPost link
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Author: Jon Grah
Original post: https://money.stackexchange.com/a/76575
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currency's central bank or treasury/finance department speeches
that can announce a significant change in policy. That includes:
monetary policy,
interest rate changes, including lending rates, cash rates
conferences.
inflation stats
Particularly when it is a high level figure within the department such as the President or Prime Minister making the announcement.
Macroeconomic stats:
A Employment Statistic, such as
USA non-farm payrolls
most unemployment claims
manufacturing rates of production for major industries for that country
Stats on a major import/export item specifically, or covering
Like with New Zealand, Milk is a huge commodity out there. So GTD index can have high impact.
Middle Eastern region and anyone who purchases Oil [related products] would be affected by OPEC policy.
GeoPolitical considerations, such as:
Presidential elections
War declarations on other countries, particularly if it is of interest to a 'major' pair (like USD, EUR)
coup d'etats (e.g. Turkey)
Scandals at high levels of gov't or major industry (Bernie Madoff, DieselGate)
Joining or leaving a treaty which has significant economic value (Brexit)
policies affecting access to decentralized currencies (like Bitcoin).
Act of God, natural disaster, terrorist attack, or other unplanned event that impacts a large segment of the economy.
Economic calendars, such as ForexFactory and MyFxBook track planned economic news releases. Obviously, a coup d'etat or war declaration may not be well known in advance.
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