Forex market movers and indicators?
Does anyone know what news moves the currencies the most?What are the factors which affect forex market.What are the factors that may affect and cause any change in the currency rates?
I think political news affect it the most or what ?
Here is the information but I do not have the source link, sorry I could not find it.
Below is the compiled statistics I got based on last 5 years statistics:
1. Non Farm Payrolls –Unemployment Average Move: 125 Pips
2. FOMC Interest Rate Decisions Average Move: 73 Pips
3. Trade Balance Average Move: 62 Pips
apply these to interest rate decisions and job reports on the USD, GBP, EUR, and JPY and you can find the news movers real quick.
Good Trading
Mark Mc Donnell
Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets.
Here is a free site that shows what has happened after economic news releases: