Trading Discussion What influences currency rate in forex trading?

[Phabbyfundz]

In forex trading, all information is transparent and instantly available, and, therefore trading decisions are based on real facts and not just inside information like in the case of the stock market. Also, economic factors like the interest rate and inflation are accurately and instantly released by reliable sources like Reuters, economists ,bloomberg and so on, and also from governmental agencies.
Economic data can really cause market fluctuations and forex traders and brokers can take advantage of the situation to realise a profit.
There are also some common factors that influences currency rates this include
1. The central bank ; interest rate and quantitative easing.
2. National economy;
-GDP, inflation and deflation.
-Trade balance report.
-employment statistics
3. Politics
-the country government stability
- public statement ,press announcement.
- change of government officials.
-military conflicts.

 

[Setho]

There are actually a lot of factors that can affect where the price of a particular forex is going to go. The majority of them are from physical factors like news concerning election. A lot of physical happiness like inflation and general economic boil them has a very telling effect on the price.

 

[Jack Reacher]

The world economy, inflation, deflation, political turmoil, environmental disasters have high impact on currency exchange rate. Off late, the market condition hasn’t been going well due to the financial unrest around the world. If you are a scalper, then Eurotrader can be a great choice for you. The broker allows traders with a 111% deposit bonus.