Stay at the heart of the dynamic world of finance
In the Forex market, which operates around the clock except for weekends, prices are determined by interbank trading, rather than by the central exchange. Here you can speculate on price movements of a currency against another. The global currency market attracts traders with its high capitalization and liquidity. The daily trading volume of Forex is estimated at over 6 trillion dollars, making it one of the largest and most dynamic markets in the world.
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Factors affecting the price dynamics in the Forex market
Forex market is one of the most dynamic and reactive markets in the world. Various factors influence exchange rate fluctuations, and successful traders should be aware of all these influences. Economic events and indicators are important factors that can influence Forex price dynamics.
For instance, a country’s rate of inflation and unemployment can have a strong impact on its currency. Information on macroeconomic indicators, such as GDP, can also trigger price shocks. In addition, central bank decisions on the base interest rate are of great importance to the market. If the central bank decides to raise or lower interest rates, it immediately affects the value of the national currency.
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