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Understanding Economic Events & Reports for Forex & CFD trading

By on October 16, 2020 0 3 Views
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When an economic release comes out, markets can react violently as traders enter and exit positions based on the new information.

Some news releases are more important than others. Non-farm payrolls (released on the first Friday of each month), CPI (inflation figures) and central bank announcements typically move the needle more than most, and these events see the sharpest price spikes.

There is good reason for this. Central bank announcements like rate hikes directly affect the money supply which has a major bearing on the economy, while CPI figures or unemployment numbers can influence central bank policies.

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