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What caused the currency price to move?

Rizki Kurniawan Paradja (minyu2)
Feb 11 2014 at 20:19
38 posts
togr posted:
masonlee posted:
Hello,

I found that some time when there is no economic data are released for a currency pair, the price of that pair still move quite a lot and quite volatile.

Some time, even when there is economic data are released, the price of the currency pair move in opposite direction or just did not move, it seem like there is some other factors that are affecting the movement of a currency.

Anybody here can list down any possible factors that may affecting the price of a currency?


Thanks.


The answer is: traders


Best answer. So the follow up should be: Why people trade currencies?

ZOOM
Feb 12 2014 at 10:31
39 posts
Again, for whatever reason you can think of. Buying pineapples from Mozambique, for example, will make you trade currencies.

ArdiFX (ahuruglica)
Feb 12 2014 at 21:48
852 posts
Silverthorn posted:

Here in Australia I have noticed an increase in volatility and volume at night so I firmly believe it's Not the sun but the MOON that causes high and low tides and sucks the money from one side of the planet to the other. 😲


Funniest thing I read in a long time. You just made my day. Thanks

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