Affect of forex rates.

Forex rates can be affected by events in your backyard or anywhere in the world. When such events affect the value of a currency, the currency value can often tend in a particular direction for a period of time. Analysis of historical forex market action in light of current market conditions known as technical analysis, possibly combined with consideration of global events and markets. No matter what affected forex rates I can trading profitably with ECNCAPITAL.COM.

Therefore higher interest rates attract foreign capital and cause the exchange rate to rise. The impact of higher interest rates is mitigated. However if inflation in a country is higher than in others or additional factors serve to drive the currency down. Several events around the world have a high impact on Foreign Exchange market. So here news trading is more effective for earning. I am trading with Trade12 is the best broker for the news traders.