Pay Special Attention to News from the U.S.

While the markets react to most economic news from various countries, the biggest movers and most watched news come from the U.S.

The United States is still considered the world’s most powerful country,  whether it’s in the domain of military affairs, geopolitics, industry, energy, science, culture, and technology.

It is even described as a “financial superpower.”

Even if its position has been eroded by setbacks, imbalances, and weaknesses, the strength and influence of the US dollar will not be matched anytime soon.

The United States still has the largest economy in the world and the U.S. dollar is the world’s reserve currency.

This means that the U.S. dollar is a participant in about 90% of all forex transactions, which makes U.S. news and data important to watch.

With that said, let’s take a look at some of the most volatile news for the U.S.

In addition to inflation reports and central bank speeches, you should also pay attention to geopolitical news such as

• Pandemics
• Wars
• Natural disasters
• Political unrest and protests
• Upcoming elections

Although these may not have as big an impact as the other news, it’s still worth paying attention to them.

When our economic nerd, Pippo, is in a good mood, he usually releases an article on upcoming news reports that you can play and with trade strategies to boot!

Also, keep an eye on moves in the stock market. Especially the U.S. stock market.

There are times when sentiment in the equity markets will be the precursor to major moves in the currency market.

Now that we know which news events make the most moves, our next step is to determine which currency pairs are worth trading.

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