Mon. May 27th, 2024
Top 4 USD News that Highly Effect on GOLD

Top 4 USD News that Highly Effect on GOLD: If you are trading in the Forex Market then you should know about the 4 USD news that highly impact on GOLD. If you want to trade in GOLD and want to make a profit then you have to read this article till the end. In this article, we will tell you about NFP, CPI, FOMC, and UNEMPLOYMENT CLAIM these are all USD news highly impacted on GOLD.

4 USD News high effect on GOLD

If you are a forex trader or want to start trading then from starting you have to learn News base trade which is easy to learn anyone can learn it. And From News Trading you can make a good profit than technical if you can do a little bit of research about the news than you can make a good profit in news trading. Because USD News or any news can impact highly on its opposite pairs.

1. NFP – Non-Farming Payroll

NFP news is for how much-estimated changes in the number of employed people during the previous month. When you trade on this news, if this news comes positive you have to sell it on a gold pair. If it came negative then you have to Buy it on a Gold pair. This news is highly impacted against gold.

2. CPI – Consumer Price Index

CPI USD News means that changes in the prices of goods and services include food and drink purchased by consumers. This news is based on the inflation rate in the country. if it increases then you have to buy in GOLD Pairs. If it decreases then you have to sell it on a Gold pair. This is also highly impacted news that impacts GOLD or USD

3. FOMC – The Federal Open Market Committee

FOMC USD NEWS is about the Interest rate on the Dollar. In forex, if it increases then you have to sell in XAUGOLD pair. if it decreases then you have to buy in XAUGOLD. This is also highly impacted news that impacts GOLD or USD.

4. UNEMPLOYMENT CLAIM

UNEMPLOYMENT CLAIM is about The number of individuals who filed for unemployment insurance for the first time during the past week. if it is greater than forecast then you have to buy it in XAUUSD pair. if it is less than forecast then you have to sell it in an XAUUSD pair. This news has a high impact on GOld and Dollars

Where you can see the news?

You can see all this news on the Forex factory website where every pair of news is available. you can see the news time and see the news impact.

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