In the market, traders must be up to date with the latest information. They need to know about the latest news to predict the upcoming situation. Bear in mind, in the market, you’ve to take most of the decision depending on your prediction. So, if you can’t predict properly, it might be tough for you to take the decision. So, you should aware of this fact. You need to know about the important news. However, sometimes, traders try to collect all news. For this reason, they face issues. But, if they know what news they need to collect, they will not make these mistakes.
In this post, we’ll discuss the major news. We hope, after knowing about these, they might be able to do the right speculation.
Interest rate
Traders should know about the interest rate. The central bank called a meeting and decide the interest rate. Sometimes, they change it, and sometimes they keep it remains the same. However, if the interest rate increases, you need to understand, the price of the currency will be increased. But, if the interest rate decreases, you need to understand, the value will be decreased. So, you’ve to make a decision based on this. However, sometimes, traders face issues because of not changing the interest rate. You do not need to puzzle because if the interest rate doesn’t change, that means, the value will be unchanged.
Inflation rate
If the economic conditions of the country are not good, the inflation rate will be increased. But, if the inflation rate decreases, the value of the currency will be increased. So, you need to focus on this fact. If the economic conditions of the country are good, the inflation rate will be decreased. So, automatically, the value of the currency will be increased. So, you need to make the decision based on this. To know more about the importance of economic factors, you may visit the link https://www.home.saxo/en-sg/products/futures. Once you learn about the trading conditions, you will realize how the major news data are affecting the market.
GDP
Every trader should focus on the GDP rate of the country before taking any decision. If they can take the decision properly, they might get better outcomes. However, sometimes, traders do not focus on this issue. They need to remember, if the GDP rate increases, the value of the currency will be increased. And if the GDP rate decreases, the value of the currency will be decreased. Sometimes, due to political imbalances, the GDP rate of the country decreases. So, they need to invest their money properly by being sure about these.
Unemployment rate
Employment rate needed to be increased. Because it has a great impact on the economic conditions of the country. Sometimes, the unemployment rate of the country increases. For this reason, the value of the currency will be decreased. Traders should invest their money in the currency depending on the financial condition of the country. So, every trader should conscious of this fact. Sometimes, traders make the wrong prediction and thus face the issue. But, if they can know about this, they can also do the right prediction. Many traders take the action to solve these issues.
Import and export rate
Export rate and import rate are the indicators of the economic conditions of the country. If the export rate is higher than the import rate, traders need to understand, the economic conditions of the nation are good. So, traders should try to check this issue. However, if the import rate is high, traders should not invest their currency in that nation. Because the value will be decreased. So, traders need to be sure about these issues.
So, if the traders can know about these issues, they might take the right decision. However, you should try to collect the news from authentic sources. However, if you can keep the economic calendar, you might know about the news in time.