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Economic factors that influence forex
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[QUOTE="moonchild, post: 336108, member: 57467"] there's a lot of economic factors that influence the forex markets and day before yesterday was cpi and the market drops around 600pips on us30 and 400pips on Gold which signifies the strength of the US economy, many traders made money trading the news, I think of economic factors as catalysts for market movements. If you look at Gold, it has been ranging for quite a while through out the day but after the economic news release it shoots down and also started a downtrend, and it's still sinking further, news also signifies the strength of an economy in relation to the US dollar. [/QUOTE]
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