The other week I took my son out to fly a drone we got him for Christmas – an aerial device that can hover and record video as it flies through the air. For example a great depreciation can happen when driven by the panic of bad economic news in a country, most holders of the currency start trading it for more secure assets causing the currency of that country to depreciate; as for the ruble against the U.S dollar in the 1998 crisis in Russia.
One of the factors that highly influences the prices of currencies in the Forex markets is the economic news releases. Although everything is tied to an economic cycle with its unique data points, some things that are not directly monetary in nature may have an effect on the price of currencies. While the oil boom of the ’70s brought in billions of petrodollars, most of the country’s population remained untouched by the new-found prosperity, thanks to widespread political corruption and catastrophic economic mismanagement. Unrivaled, deep and consistent global economic data coverage, delivered with critical timeliness to power your decision-making. Powered and implemented by Interactive Data Managed Solutions News provided by The Associated Press. In this digital age the need to have news almost as fast as it occurs proved that newspapers may be old by the time it reaches your front door.
In order to take full advantage of this strategy you need a very fast news data feed such as those provided by Bloomberg because you’ll always want to get in the trade before the move begins. Access market-moving, leading economic indicators directly from primary in-country sources, to obtain the most current and accurate data on national economic activity for 160 countries. When considering the release of economic news as a source of profitable trades all forex traders try to take advantage of the difference between the forecasted and the actual economic number. This is likely to slow the FED’s plan of increasing the federal funds rate to more normal levels in 2016. The more demand for anything will lead to an increase in the price of that product, while a drop in demand will lead to lower prices.
From macro data, such as national, financial, and external accounts, industrial activity and labor indicators, to micro detail, on housing, energy, automotive, other industries and key indicators for sub-national areas, Thomson Reuters provides you with a collection of global economic content, with a clear emphasis on factors that affect global financial market performance.
Welcome to Economic News Articles Blog – your source for educational free articles and news on your favorite topic like Economy and Economics. Bill Haslam and the Delta Regional Authority are scheduled to announce new West Tennessee economic development investments on Wednesday.