Which defines the economic health of that particular country. This is predicted to happen this year too. Also, technical forex traders might avoid known risk events like major economic data releases since one of the key assumptions of technical analysis: Price Discounts All tends to break down during the period immediately after the announcement as the new information is assimilated into the. Forex trading is not an easy task. For further reading: Learn more about the basics of fundamental analysis in this extensive article.
Traders ought to know when there will be high volatility and at what times the pair is not likely to be traded at all. Learn more about the relationship between the oil price and forex rates. While the name Euro can be understood right away, there are two different stories as to why the pair took on the name of Fiber. The EUR/USD currency pair is also referred to with dogecoin calculator nicknames such as Euro and Fiber in the exchanges. Other factors, supply and Demand Effects: Substantial flows of capital into one currency and out of another currency, perhaps as a result of large corporate transactions or managed portfolio shifts, can shift the exchange rate for the currency pair to favor whichever currency sees the.