Cryptocurrency Q&A
How volatile is the foreign exchange spot market?
How volatile is the foreign exchange spot market?
CryptoAlly
Thu Jan 23 2025
|
6
answers
1655
I want to know about the volatility of the foreign exchange spot market. How unstable or fluctuating is this market? Is it prone to rapid and significant changes?
6 answers
Giulia
Sat Jan 25 2025
The foreign exchange spot market experiences significant volatility.
Was this helpful?
394
55
Carlo
Sat Jan 25 2025
Short-term movements in exchange rates are frequently influenced by news events. These can include political developments, economic data releases, and natural disasters, among others.
Was this helpful?
141
84
ZenMindful
Sat Jan 25 2025
Speculation also plays a crucial role in shaping short-term rates. Traders often anticipate future movements based on market sentiment and technical analysis.
Was this helpful?
360
43
Carolina
Fri Jan 24 2025
Technical trading strategies, such as chart patterns and indicators, are widely used to predict short-term trends in the foreign exchange market.
Was this helpful?
335
61
DondaejiDelightfulCharmingSmileJoy
Fri Jan 24 2025
In the long run, exchange rates are generally driven by fundamental economic factors. These include a country's trade balance, inflation rates, and gross domestic product growth.
Was this helpful?
336
39
Load 5 more related questions
