📄 What are the factors that affect currency prices in the #Forex market?

◀️ There are many factors that can affect currency prices in the Forex market .. Among these factors:

✅ Economic factors:

⬅️ Economic factors include interest rates, inflation, economic growth, employment, government spending, and international trade .. Currency prices are affected by the performance of national economies and their future expectations.

✅ Political factors:

⬅️ They include monetary and economic policy decisions by governments and central banks, and geopolitical events such as international conflicts and trade wars.

✅ Social and geopolitical factors:

⬅️ Currency prices are affected by social and political events in the world, such as political unrest, popular protests, and terrorist events.

✅ Expectations and sentiments:

⬅️ The impact of emotions and sentiments such as confidence, fear, optimism, and pessimism can affect currency prices and cause fluctuations in the market.

✅ Technical factors:

⬅️Include technological developments, changes in trading methods, trading volume, and technical analysis of currency prices.

✅ Environmental factors:

⬅️Include natural disasters and emergency events that can affect the economy and international trade and thus currency prices.

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