Any economically important event has an impact on the quotes of currency and stock markets. Even Donald Trump’s bold posts on Twitter might change the course of the market. The same can be said about the new deadly virus growing in Asia.
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When you hear that news has a big impact on the market, you imagine that the news itself has weight. However, it is not. It is the reaction of traders to some events that determine the direction of the Forex market. That is why quotes can be affected not only by the official releases of some important economic news. Today, even social networks can manage the market.
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