Economic News (2)
If you want to become successful as a Forex trader, you have to educate yourself continually on the markets and trends. For example a great depreciation can happen when driven by the panic of bad economic news in a country, most holders of the currency start trading it for more secure assets causing the currency of that country to depreciate; as for the ruble against the U.S dollar in the 1998 crisis in Russia.
The climate of economic stagnation spawned a mammoth informal economy that continues to sustain the bulk of Nigeria’s 148 million people. These measures, as well as the changing composition and level of compensation for labor in the regional market will determine if the Buffalo MSA is finally going to end its sustained period of economic and demographic decline. The prices that the sellers set are those that are determined by demand and supply forces. So, as global central banks sit back and watch the buttons they have pressed fail to deliver the robust economic growth they were meant to create, it’s only a matter of time before the stock market experiences one of its worst plunges in history.
With the country in the grip of a crippling economic crisis, starving prisoners can be seen standing in line and begging for help from the outside world. This issue of WNY Economic News focuses on the relationship between the regional economies of Western New York and the national economy. The BEA earnings report, which has historically served as the basis for our projection of the region’s economic health, has been released for the year 2013.
The US government is borrowing trillions of dollars to finance its debt, while increasing money supply immensely leading to inflationary concerns, when inflation goes up, gold skyrockets. Weakness in real GDP growth during the first quarter of 2016 was due to a decline in inventory and non-residential fixed investment, declining state and local government expenditures, and a continuing deterioration in our trade balance. The 2nd Annual Capital Region Business Forum is taking place in the nation’s capital, where the governors of Maryland and Virginia will gather to talk about economic issues. Some incidents may turn a technical Forex trader into a fundamental trader because the trader knows the economic factors that will cause volatility in the price of the currency, and wants to profit from a subsequent movement. This information revolution is what’s causing the layoffs in the newspaper industry.
Once you have access to a fast news data feed at Bloomberg then you can track the news and then determine the significance of the economic news report being released for the particular currency pair you are trading, if the news are not important, do not trade the pair.