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No foreign exchange trader can ignore the importance of news to foreign exchange markets volatility. Geopolitical developments, peace or conflict situations, financial and economic data releases such as macroeconomic figures, and natural disasters all can have a significant impact on forex markets. The highly dynamic, foreign exchange markets need to keep tracking news developments.

Pay close attention to the timing and importance of this news impact, or you will find that this news is already " yesterday news."

21 June, 2021

The dollar held on to the previous week's gains on Monday after the Fed's surprise hawkish tilt, while bitcoin tumbled as China stepped up its crackdown on mining of the cryptocurrency. LONDON, June 21 (Reuters) - The dollar held on to the previous week's gains on Monday after the Fed's surprise hawkish tilt,
The dollar index, which rose after the Fed's surprise hawkish tilt last week, gave up some of its gains on Monday, while the Australian currency stumbled on lower prices of the country's top export, iron ore.
The choppiness could materialise in the Forex market as two major Central Banks of the world take the spotlight.
Reuters on
The Fed has encouraged market participants to price in more rate hikes into next year lifting US short rates and the USD.” The Fed’s policy stance has become a tailwind for the dollar and will be a challenging backdrop for risk assets,
India Times
At the interbank forex market, the domestic unit opened weak at 74.20 against the American currency, pared some initial losses and finally closed at 74.10, showing a fall of 24 paise over its previous close.
Ample liquidity in the global financial system has prompted foreign investors to scan investment options in India. As a result of rising inflows into the stock market and FDI investments, India’s forex reserves have surged to over $600 billion.
EUR/USD is heading back towards 1.1900, as the US dollar retreats amid a recovery in the risk sentiment. The US Treasury yields rebound amid Fed's hawkishness.ECB policymakers remain divided over PEPP extension. Lagarde and Fedspeak awaited. GBP/USD is trading above1.3850, extending the corrective pullback amid a broad US dollar retreat as the Treasury yields recover. The pound ignores Brexit chaos and delayed economic reopening. Focus on Fedspeak amid a light calendar. Gold (XAU/USD) trims intraday gains, taking a U-turn from the day’s high. Even so, the gold buyers cheer downbeat US Treasury yields to keep the corrective pullback from late-April lows. It’s worth noting that today’s Fedspeak will have a significant influence on gold. XRP price has formed a bearish outlook after breaking below the neckline of the head-and-shoulders pattern that has started to develop since late May. Ripple has failed to escape above the vital level of resistance at $0.79 and is now headed further south. Now that the big Fed meeting is out of the way markets can relax for the summer months ahead. The Fed was in accommodative mood in terms of sentiment if not policy. Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
GMT, the AUD/USD is trading .7496, up 0.0016 or +0.21%. Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors,
However, RBI said this will still cover less than 15 months of projected imports, against Switzerland’s 39 months, Japan’s 22 months, Russia’s 20 months, and China’s 16 months
India Times
Projected levels of import months forex reserves can finance could slip to 15 from 20 on rising commodity prices.

How to interpret data

We should only focus on high impact news that has the potential to generate big Forex moves, and it is key for you to know which data is important like:

  • Interest rate decision
  • Retail sales
  • Inflation (consumer price or producer price)
  • Unemployment
  • Industrial production
  • Business sentiment surveys
  • Consumer confidence surveys
  • Trade balance
  • Manufacturing sector surveys

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