The basics of Forex Fundamental Analysis 🌐
Forex Economic Calendar (GMT)
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How to read Forex Economic CalendarImpact factor — suggests how much influence current economic data is expected to bring along.
It is important to know the time of High impact data release if you trade affected currency pair.
Medium impact economic data should also be kept in mind in case the factor of surprise turns to be high. Low impact data most of the time do not shift Forex market significantly.
Column Previous in Forex Calendar — provides data from last release.
Economic News impact — increased market volatility — usually lasts for 1-3 minutes (highest volatility); next 5-10 minutes market experiences corrective/adaptive volatility, where price settles in summarizing new market shift.
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