Currency markets are prone to a range of factors which affect volatility and many traders look to adjust their strategies to gain on most volatile currency pairs. Volatility is typically measured using the standard exchange of currency and gives traders an expectation of how much a currency can detour from its current price over a certain period. The higher the volatility of the currency, the higher the risk will be.
The currency market, just like any other, is motivated by supply and demand. So, by truly understanding the concept of supply and demand and why it's so important in the currency market will allow you to be successful in your journey. Having a good grasp on supply and demand will make all the difference in your trading career because it will grant the ability to filter through the pile of daily news that will only distract you, and instead focus on the news that will help that will benefit your career.
Asides from the FOMC interest rate and rate statements, Non-Farm payroll is one of the most sought-after trading announcements. This announcement details the amount of people employed in all the non farming job sectors. The breakdown goes down to the detail about people employed in retail vs mechanics, vs medical, etc. While most traders do not care so much about the breakdown by industry, the amount of people employed is a major mover in the FOREX market. This is one of the reasons you will see the Non-Farm announcement traded at the Apiary Fund.