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As a matter of fact, yes. For instance, there is often a correlation between the rise of the US Dollar and strong gains in stock indices like Dow Jones, NASDAQ, and S&P500. Similarly, a correlation has been observed between the Nikkei stock index and the Japanese Yen.

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The only way to know the change of interest rates of any major country is by monitoring the economic calendar. Besides, the released schedule of the interesting announcement of central banks, which is released once a month, is also important. The demand for a currency will be very sensitive to the central bank interest rate. Traders using certain strategies like carry trade pay the most attention to the news of interest rates changes.

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There are four main types of Commitment of Traders (COT) reports:

1. Legacy COT Report
2. Supplemental COT Report
3. Disaggregated COT Report
4. Traders in Financial Futures (TFF) Report

Continue Reading at What is Market Sentiment in Forex and How to Measure It?

PMI comes on a scale of 100, with a median of 50. Any number under 50 means the economy is in contraction, while over 50 suggests business expansion. A decrease could be read as an economic decline during the period, while an increase shows ongoing recovery.

Continue Reading at Guide to PMI Data in Forex Analysis