WEEK OF JUNE 1 ~ 6, 2014 | HIGH IMPACT NEWS CALENDAR
What is fundamental analysis?
Fundamental analysis in the forex market analysis which involves the study of the economic situation of countries to trade currencies more effectively is a kind of.
How big economic and political events that influence the currency market is. The figures and important statements made in the speeches of politicians and economists major impact on currency market movements, as it is known among traders economic announcements. In particular, the economy and US policies are ads primary monitor.
What is economic calendar?
Economic calendar where various statistics and economics economists, according to the prediction made by the values of the previous month. It includes the following information:
Date — Time — Currency — Data Released — Actual — Forecast — Previous
If the forecast is better than the previous figure, the stronger US dollar compared to other currencies generally being.
But because there is news, traders have examined the actual data.
For oil prices, rising costs in countries that have a lot of oil imports, for example, depend on the result of the weakening of the US currency, Japan.
Whose speeches to keep an eye on?
Chairman of the Federal Reserve Bank of USA, Secretary of the Treasury, President of the Federal Reserve Bank of San Francisco and so on. Speeches of those prominent people are watched closely by traders.
What are the most powerful figures that move Forex market?
Traditionally, if a country raises its interest rates, its currency will strengthen because investors will shift their assets to that country to gain higher returns.
Decreases in the payroll employment are considered as signs of a weak economic activity that could eventually lead to lower interest rates, which has negative impact on the currency.
Trade balance, budget and treasury budget
A country that has a significant Trade Balance deficit will generally have a weak currency as there will be continuous commercial selling of its currency.
Gross Domestic Product (GDP)
GDP is reported quarterly and is followed very closely as it is a primary indicator of the strength of economic activity.
A high GDP figure is usually followed by expectations of higher interest rates, which is mostly positive for the currency.
Less powerful economic indicators are:
It is the first real indicator of the strength of consumer expenditure.
Rising Durable Goods Orders are normally associated with stronger economic activity and can therefore lead to higher short-term interest rates, which is usually supportive for a currency.
FOREX TRADING / FOREX TRAINING / FOREX ACCOUNT OPENING
Hi! I'm Tamil.
Here at Forex Tamil, we are focused on teaching you high probability and low risk price action trade setups, so that you are able to create a consistent edge over the market that you can use to your advantage, time and time again. You Can Read More Here.
LEGAL : This website, presented by Forextamil.com, the lessons and articles it distributes and the blogs it publishes make no recommendations about what Commodity , Equity Future,Forex or Currency to buy or sell. All information is strictly educational and/or opinion. Forextamil.com does not provide financial, legal or trading advice and is not soliciting the buying or selling of Commodity ,Equity or Currency. The user acknowledges that Forextamil.com is in no way responsible for the investment and trading and/or legal decisions of its users. The user acknowledges and accepts that Forextamil.com assumes no responsibility for inaccurate, erroneous or unavailable data. The user is encouraged to conduct its own due diligence. Any tips or trade setups represented are simply Forextamil.com opinion and meant to pass on information about the Commodity, Equity,Forex or Currency markets and do not constitute financial or trading advice. By using the information, you acknowledge that Forextamil.com is not providing financial or trading advice and agree that Forextamil.com is in no way responsible for your trading and investment decisions, regardless of whether those decisions were inspired by using this site and/or its news letters or not.
Disclaimer : Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Forextamil.com, its employees, directors or fellow members.Commodities, Equity Futures, options, Forex and currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Equity futures , Commodity Forex and Currency markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell Equity futures, Commodities, Currency or options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
HIGH RISK WARNING : Commodities. Equity Futures, Forex,Currency and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Commodities, Equity futures, Forex ,Currency and options and be willing to accept them in order to trade in these markets. Commodity, Equity Forex and Currency trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.