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How to read news???
Miembro desde Aug 30, 2023
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Miembro desde Apr 26, 2023
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Sep 14, 2023 at 08:58
Miembro desde Apr 26, 2023
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When an event is labeled as 'High Impact' on an economic calendar, it signifies that the event is likely to have a significant influence on financial markets. These events often involve major economic indicators or news releases, and they can lead to increased market volatility and price movements.
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Miembro desde Jun 28, 2023
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Nov 05, 2023 at 22:38
(editado Nov 05, 2023 at 22:41)
Miembro desde Nov 01, 2023
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please tell me, I find it very difficult on how to relate the news (economic calendar) to chart. when there is a high impact news on the USD, does it mean that the USD will go downwards or upward?
example of GBPUSD, when I buy, I buy GBP and when I sell, I sell the USD.
example of GBPUSD, when I buy, I buy GBP and when I sell, I sell the USD.
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Miembro desde Jan 12, 2023
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Dec 20, 2023 at 06:52
Miembro desde Nov 08, 2022
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High-impact events on the calendar mean big market moves and trading chances. Check them out here; you can filter by impact and choose specific countries.
Jan 06 at 02:21
Miembro desde Dec 02, 2019
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iwuagwu posted:I am trying to get my head around this also my understanding so far is... The value of a currency is based on a countries economic strength much like the share price of a company. Good news for the countries economy (or higher than expected) will cause the currency value to increase and the paired currency to fall in relation i.e. On the release of higher than expected jobs data created in America, USD will increase in value against its pairs and vice versa in times of economic uncertainty, recession, wars, banks and buyers flock to gold as a hedge and in turn gold will increase in price XAUUSD in line with demand.
please tell me, I find it very difficult on how to relate the news (economic calendar) to chart. when there is a high impact news on the USD, does it mean that the USD will go downwards or upward?
example of GBPUSD, when I buy, I buy GBP and when I sell, I sell the USD.
Miembro desde Feb 02, 2024
posts 23
Feb 20 at 07:58
Miembro desde Feb 02, 2024
posts 23
High-impact events on the calendar can definitely be confusing, especially if you're new to forex trading. These are basically economic announcements or data releases that have a significant potential to move the market. Traders themselves adjust their positions, manage risk, or even stay on the sidelines during these events.
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