How Forex News Affects Pips: A Guide for Traders
Forex news can often have a major impact on currency pair prices, and this impact can be measured by Pips. Pips refer to the smallest incremental changes in a currency pair’s price, which is usually 0.0001, and pips forex news is all about how much of an impact various news events have on that particular currency pair’s price. Whenever news related to a currency pair is released, it can cause market participants to either buy or sell that currency pair, and the number of pips that currency moves will be a measure of how large of an impact that news has had. It’s important to know how to interpret the pips of news releases because this can help you make more profitable trades.