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Thread: News that moves the market
  1. #41
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    deep786337 is an unknown quantity at this point deep786337's Avatar
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    The Japanese Yen endured to weaken in opposition to the U.S. Greenback, with the USD/JPY advancing to a sparkling monthly high of eighty three.29, and the change rate might also continue to push higher because it breaks out of the downward fashion from the quit of the previous 12 months. The USD/JPY is sort of 80 points higher from the open after transferring 129% of its ATR, however we're probable to see a corrective retracement spread going into the Asian consultation as the relative power falls returned from a excessive of eighty two. In flip, we may see the dollar-yen look to shut the space from the one hundred twenty-SMA at 82.Forty four, and the pair may additionally consolidate going into the quit of the week as the close to-time period rally appears to be slowing in advance of eighty three.50-70, the 23.6% Fibonacci retracement from the 2010 excessive to low. If the USD/JPY finds resistance on the 23.6% Fib, price movement ought to fashion sideways over the approaching days as guide holds at 81.00, and the greenback-yen may offer an excellent range-change possibility because it breaks out of its current trend.

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  4. #42
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    Hizqeel888 is an unknown quantity at this point Hizqeel888's Avatar
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    From my point of view there are five news events you need to know those effect the price movement in FX market.Central bank rate decision have high volatile impact on the price movement.Second The Gross Domestic product(GDP) is an important indicator of economic health in a country .When GDP falls below the market expectations then bearish trend prevails and vice versa.Third is Consumer Price Index(CPI) that is used to measure the inflation rate.The central banks monitor this release to take decision for interest rate and to set monitory policies for the best interest of the county's economy. Fourth is the Unemployment rate of the country. This indicator also has importance for central banks' decisions regarding monetary policies Fifth FOMC (America's Federal Open Market Committee) meeting.Although other central banks meetings have also influence on the price movement. But as dollar is the world's reverse currency so meeting of FOMC has more importance on other central bank meetings for the price movement in the FX Market.

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    shikho (11-04-2018)

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