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.

One of the key components of understanding the movement of currency pairs in Forex is to work on the news. The ability to work on the news is very important both for the novice trader and for the experienced trader, who seeks to increase his own professionalism. Every day, drawing up a trading strategy, the trader should analyze the news calendar for the planned trading period. In order for trading in the Forex market based on outgoing news to be successful, you should:

The value of gold is at the June highs, while investor demand for risky assets is falling amid political uncertainty in the United States. As of this morning, the price of the February gold futures on the New York stock exchange Comex rose by 3.85 dollars, or 0.3% - up to 1275.65 USD per troy ounce. The indicator is kept at the highs of the end of June of the current year. The price of March silver futures grew by 0.53% - up to 14.898 USD per ounce.

Information travels fast in today’s digital age and news events move markets instantly. Just about everyone is connected and receives news from their preferred sources on their mobile device. Forex traders need to differentiate between two different categories of news. One category consists of economic news which are released at a certain time and date. It is very simple to prepare and include those releases into a trading day as well as strategy.

If you want to achieve success as a forex trader, you have to keep your finger on the pulse of the world news. Knowing what is happening not only in your own country but in all the major economic powers, will help you to protect and enhance investments.

The Organization of Petroleum Exporting Countries (OPEC) will not cut production, even if oil prices fall to $ 20 a barrel, said in an interview with Middle East Economic Survey Saudi Oil minister Ali Al-Naimi.