The relationship between Forex Trading and weather conditions

We can say that the weather Forex Trading as a case sometimes the weather is mild and sometimes rainy, sometimes sunny, as well as the forex market. But we are in the process away from rhetoric to say in fact that the weather affect the forex market, despite the fact that this statement may not accept it some, but the idea that weather affects the foreign exchange markets is not far-fetched. 

  

The weather conditions have a profound effect on the local economy, such as energy, industry, agriculture, and this is very important. The continuously variable weather and can be conditioned a significant impact on the economy, causing fluctuations in currency values. Here we are going to talk about the impact of weather on forex trading. 

We'll talk here about four aspects of the weather affects the currency trading market and we will take here is an example of what has happened in some countries in natural disasters:

Hurricanes 

For all remember what happened in the United States in 2005, said Katrina war on the United States, and here we can see clearly the ability of natural disasters on the impact on the forex markets, as happened in the United States at that time and so did Hurricane Sandy in 2012. Very large disasters that could affect the national morale in addition to its direct impact on the currency, and may cause discomfort or even panic. 

Drought 

Each of continued economic news in the month of May March 2013 watched the great drought that did not happen in New Zealand thirty years ago, which cost the state about 2 billion NZ approximately $ 1.7 billion. Where he earned the drought in the North Island land, threatening economic growth estimates. Has been reduced by economists at the Bank of New Zealand forecasts for economic growth in the first half of the year to 1.1 percent from 1.3 percent because of drought. Here we see the impact of drought on the economies of countries, and therefore the currency of that country, and as a result accompanied by impact directly and indirectly on the currency trading market. 

Cold winter 

The word cool is a relative word, I do not mean in the word cool temperature of 10-0 C, but I mean from -10 to -50 Celsius These stairs lead to an unexpected increase in energy costs for both industries and consumers. The results increase the import of oil and gas used for heating, leading to an increase in demand for oil and thus high oil prices against the dollar, so as to keep warm. Which affects the circulation of goods in the currency trading market and lead to higher oil prices.

Hot Summer 

The word here is the word hot relative also, I do not mean in the word here temperature of 30-40 C, but I mean of 40 and above that hot summer abnormally also lead to higher energy costs for consumers. In the summer months, the income of consumers becomes less available because of increased electricity bills when the use of air conditioners, and everyone becomes more inclined to stay at home and not get out of it for shopping and shopping because of high temperatures. Which leads to a reduction in consumer spending. In this way, the hot summer can lead to a slowdown in the economy. As a result, there is a clear impact on the currencies of which complained of the excessive heat of the weather, and thus warm weather affects the exchange rate of those currencies in the forex trading market. 

  

In the end, we can see the impact of weather and weather factors on Forex Trading, The impact of significant weather, the extinction of the dinosaurs was not caused by meteor scientists expectations, but was due to the weather that followed the meteor crash to the ground.