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HOW DO Economic Events impact Global Currencies:
Meri saheli magazine yearly subscription Foreign exchange traders put the most emphasis on technical analysis, because traders around the world use similar charts and tools in predicting market trends. The reason the FOREX market can be so predictable some times is that if the majority are using the same graph for determining patterns and trends, then it is highly likely that they will act in a similar manner. So several thousand traders who have all charted the same resistance line, for example, will most likely either set their trades and direction conform to that line. When fundamental data is made available to the public there is a reaction from investors and speculators. Information in the form of news and economic indicators is more vague than that of technical indicators. There is a lot of gray area in this type of analysis. The market will ultimately react to how people think the economic data compares to the current market situation. Economic indicators usually reveal information that Should cause a currency to go up in price or May cause a currency to go down. The words SHOULD & MAY in the quotes above reveal the ambiguity of the fundamental data. Here is an example of what analyzing fundamental data is like. Lets suppose there are six economic indicators (there are a lot more) Meri saheli hindi magazine subscription.
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