Forex Weekly Economic Events Recap May 8, 2023

Follow us on The Forex Weekly High Impact Forex Economic Events Recap may prepare Traders in advance of specific major impactive economic news releases scheduled for the week ahead. NEWSMOVESMARKETSFOREX® publishes an informative weekly snap shot of the Global Forex Economic Calendar primary detailing FX market moving events. One of the most significate being the G-10 Central Bank monetary policy meetings. It is important to note that G-10 which refers to the Group of Ten major world powers who agree to engage in an agreement related to the International Monetary Fund to borrow more funding for the IMF usage. These fundamental economic announcements and indicators range from Central Bank Interest Rate Decision’s, U.S. Job Report, Gross Domestic Product, Consumer Price Index and so on. News Does Moves Markets Forex and it is very important that Traders stay informed to all the up- and-coming high impact Forex economic news releases. This can be a very useful tool if properly employed in one”s trade plan. “Remember the wise Trader plans, prepares, exercises prudent risk management, stays one step ahead of the game and knows when to enter and exit the market at the most opportune time.” According to a Triennial Central Bank Survey Foreign exchange conducted in 2022..turnover in global Fx markets average 7 trillion dollars. The U.S. Dollar (USD) remains the most traded currency in the Forex global marketplace with 88% of the daily trades bought or sold under this survey. According to a 2016 TCB Survey the second most traded currency is the Euro (EUR) carrying 36% of trading bought or sold. The third most traded currency is the Japanese yen (JPY) holding down 21.6% of daily trades bought or sold. The fourth most traded currency within the Forex market is the Pound Sterling (GBP) which constitute 12.8% of daily trades bought or sold. Lastly, the fifth most traded currency is the Australian Dollar (AUD) which represents 6.9% of daily trades bought or sold.