Political and economic news is a powerful source of fluctuations in global financial markets. Even rumors about such events as dropping interest rates of central banks, lawsuits of governments, and large corporations, a sharp rise of inflation and unemployment, or worsening of the international situation invariably cause indignation on exchanges.

The Australian dollar began a new trading week in very high spirits after the results of the local parliamentary elections became known. The instability of the GBP and EUR, in the run-up to the elections to the European Parliament, may provide indirect support for the Australian currency, both today and during this week. As it became known, the current Australian Prime Minister Scott Morrison and his conservative coalition won the last parliamentary elections yesterday, which was an unexpected result for experts who predicted the victory of the opposition Labor Party.

Social media has become a larger part of our lives, affecting not only the social but also the economic spheres. The impact on the currency market has particularly been huge. In order to make better investment decisions, investors often strive to keep abreast of the latest forex trading news. And social media platforms provide instant access to forex news as and when they happen. Social medias are disrupting conventional ways of trading and managing finance and investment activities.

News and economic data are the main drivers of market developments, but in a little different way than many traders think. Forex news releases trading is probably one of the most exciting forms of trading because it can produce instant profits and instant gratification. However, traders should know that potentially big profits always come hand in hand with bigger risks. Volatility spikes during these periods and prices may move in a disorderly fashion.

In the foreign exchange market, professionals and companies must make the smartest and fastest decisions possible in order to profit from the flow of money. Having access to real-time forex related news and analysis makes the trader's job easier and is a true competitive advantage.