In the previous article, we already talked about the types of fundamental analysis and classification of economic news. It's time to delve deeper into the topic. Today we will look at 5 types of economic indicators and find out how they affect the foreign exchange market and why. Let's get started.
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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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