Economy news Forex

Economy news Forex

Important political and economic events affect not only the development of countries, but also
the value of national currencies, shares of companies and corporations, the prices of oil, precious
metals and raw materials. Particular attention should be given to the meetings of central banks,
the announcement of interest rates, the release of macroeconomic statistics of developed
countries, corporate reports and other important events.
Correct interpretation of news and understanding of their impact on the value of a financial asset,
help to make the right trade decisions when trading in the currency market of forex, stock and
commodity platforms.
Watch for important economic events - this will help you make the right investment decisions.
Below we consider examples of economic events, which must first of all be paid attention:
Political factors
Any political instability in the country leads to a sharp change in the exchange rate of the
national currency, the fall of the stock market and other sectors of the economy. Wars,
revolutions, and government changes have a negative impact on markets and lead to significant
fluctuations in financial markets.
For example, political instability in Venezuela led to hyperinflation in 2017 (inflation was almost
4000%) and the collapse of the Venezuelan bolivar on the black market by more than 40 times.
In the event of hostilities, one can consider the option of buying shares of companies in the
military-industrial sector, as they will receive orders for the production of weapons, supplies and
other components.
Force Majeure Event
Natural disasters and catastrophes can also lead to serious price fluctuations of an asset.
For example, in the event of an earthquake or flood, it is necessary to sell shares of insurance
companies and buy construction shares, since the latter will receive many orders for the
restoration of the consequences of destruction.
In abnormal droughts or other unfavorable conditions for the grain harvest, you can pay
attention to the grain futures, as they are likely to grow in price.
As for the most recent events for June 6, they are as follows:
Ripple CEO: XRP transaction for 4 sec. against BTC for 42 minutes will not let bitcoin become
No. 1
CEO Ripple Brad Garlinghouse said in an interview with CNBC on Tuesday that bitcoin would
not be the ultimate solution for people considering it as a global currency. "I think that the BTC
will not be a panacea for people who once thought that this crypto currency could solve a whole
range of problems. Instead, we see now the process of specialization of various crypto-currencies
and lock-ups.
The new 7nm bitcoin-miner from GMO challenges Antminer S9
The Japanese IT giant GMO announced prices for the specifications for an entirely new bitcoin
miner based on a 7nm chip. During a press conference on Tuesday, representatives of the
company said that their 7nm chip will become the basis of the new B2 miner, developed in Japan
and manufactured in Taiwan. The appearance of a 7nm chip is a very remarkable event, since it
indicates the growth of the hashing power of the miners, whereas in theory it reduces the energy
consumption.
Crypto market demonstrates growth: BTC has exceeded $ 7,500, ETH is higher than $ 600

Although the crypto market took a while to recover from yesterday's decline, the current
situation reflects yet recovery on most coins. The benchmark Bitcoin (BTC) has exceeded $
7,500 and traded at $ 7,610.49, the growth over the past 24 hours was 2.84%. Earlier this week,
Apple co-founder Steve Wozniak said at the Money20 / 20 conference in Amsterdam that "only
bitcoin is digital gold."