{"id":398578,"date":"2021-01-08T10:14:02","date_gmt":"2021-01-08T09:14:02","guid":{"rendered":"https:\/\/ftmo.com\/?p=398578"},"modified":"2022-01-11T17:45:00","modified_gmt":"2022-01-11T16:45:00","slug":"what-events-will-affect-the-forex-market-in-2021","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/what-events-will-affect-the-forex-market-in-2021\/","title":{"rendered":"What events will affect the Forex market in 2021?"},"content":{"rendered":"
2020 will go down in history as one of the most volatile and unexpected trading years ever. So what can we expect in 2021?\u00a0<\/em><\/p>\n Forex market is heavily impacted by all fundamental events. Besides planned macroeconomic releases of fundamental indicators (Inflation, Employment, Growth), there are three major events that bring a large amount of volatility to the markets.<\/p>\n These continue to be situations with Covid-19 pandemic, Brexit aftermaths, and the political situation in the US.<\/p>\n Obviously, the main topic of 2020 was the global pandemic of Covid-19. Unfortunately, as new strains were discovered in the UK and South Africa, many countries all over to world continue with lockdowns.<\/p>\n This also raises questions if current vaccines against Covid-19 would be effective against new strains.<\/p>\n Although markets tend to absorb these events and offer less volatility on more good and bad coronavirus related events, we can still expect a great amount of volatility since coronavirus affect the economy of every country in the world.<\/p>\n From all the major currencies, the Great British pound is the most volatile one, recently also fueled by the Brexit developments that drag for years now.<\/p>\n In 2020, the EU and UK negotiated the deal, this was shown with a strong rally in GBPUSD towards the end of the year.<\/p>\n But a new strain of coronavirus appeared in the UK that sent the whole population to lockdown, the whole British economy might take a hit.<\/p>\n In addition to that, we can say for sure that Brexit affected the economy and the British currency.<\/p>\nCovid-19: New strains and vaccines<\/h2>\n
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Brexit aftermaths<\/h2>\n