world forex times
world forex times
What things are really responsible to control the forex market?
I rarely bid on forex, but at the time of bidding I am unable to do any perfect calculation or presumption by which I can know that a particular currency is going to up or down, so that I can bid on that.
Can you help me in this regard? And what the visible world’s matters are there, which control this forex market too? I mean, if a big mishap will occur in a country(like earth quake, flood etc), will it control the forex market? If yes, then how and what the other things are there, which control this forex market as well?
Hello there
Have an eye for the following.
- DOW
- DAX
- FTSE
- US Index
-GOLD
The first 3 has major effects on the US and Yen pair.
If stock is doing well US dollar does badly and vice versa
You can monitor the US dollar with the US index force and gold power for extra confirmation
When stock starts doing badly as it is the case for the past 2 weeks US dollar plummets up due to what is called as “Flight to Quality”. Risk in minimal and US dollar becomes a safe-haven due to unwanted risk
stock has major infulence on major currency pair.
Best of luck
Ash
www.forex-trading-domain.com
(AFX UK Focus) 2009-12-30 06:43 Taiwan stocks ended nearly 19 MTH Kuo high, by the grace AU
