Trusted Website To Read Forex News

Fundamental analysis is an analysis that only relies on news that is currently happening in the world market. The content contained in forex news or economic news is an emotional mover for market traders to be able to determine the value of currencies, stocks and other instruments. That's why news is very influential on the investment portfolio of a forex trader. News releases are followed by a sizable price spike or jump.

High-impact news releases are often accompanied by volatility, one of the things forex traders are interested in making big profits as quickly as possible. In less than 1 hour, the price can move hundreds of pips. While the potential gains are enormous, the risks of losing are also terrifying.

News releases generally affect market sentiment quickly, especially if the news release is related to the state of a country's economy (GDP report, report on jobless claims, to changes in central bank rates). If observed, there will usually be a tug-of-war between buyers and sellers some time before the release of the news. This condition will be indicated by the formation of a doji candlestick whose tail and head are almost the same length on the hourly timeframe (H1, H4).

Once the news release establishes the score (it can be negative or positive), the market responds quickly. If the score is positive, usually the seller will immediately leave the market, so the price will immediately skyrocket. Conversely, if the score is negative, buyers will lose momentum to maintain their position, so that the market is controlled by sellers.

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