FACTORS AFFECTING FOREX MARKET
- Domestic,economic condition & economic policies
-GDP, inflation, unemployment, trade balances, money supply
- Geopolitical factors
-Political uncertainties, election, scandal
Global eco conditions (external factors)
-eco conditions of large eco
-political changes
-policies announces
Market sentiments
-Optimism, pessimism, fears,rumors
Speculation
-conducted by foreign banks, international fund managers and hedgers hv huge funds
Differences in internet rates between countries
-High demand for FOREX if a country has high interest rate