Economic data tends to be one of the most important catalysts for short-term movements in the #forex market. Since the dollar is one side of many #currency pairs, U.S. economic releases tend to have the most pronounced impact. The most common way to trade #forex on news is to look for a period of consolidation ahead of a big number and trade the breakout on the back of the number. A variety of exotic options are available for #traders who want to capture a breakout move but with less volatility than #trading the currency pair itself.
