FOREX FUNDAMENTALS & NEWS TRADING
Today I thought of posting my first blog, but I could not figure out which topic to write about. It came to my mind, so I thought of talking about the topic of analysis. Then I thought that Sunday is for weekly analysis. So I thought that today I should tell you some basic knowledge related to news trading. Today I am going to talk about fundamentals and news trading.
Disclaimer:
The content provided on this live stream is for educational and informational purposes only. It is not intended to be, and should not be considered as, financial or investment advice. Before making any investment decisions, you should seek advice from an independent financial advisor. Trading in the foreign exchange market involves a significant level of risk and may not be suitable for all investors.
There are many different news in Forex trading, but today we will talk about these 5 important news related to gold.
WHAT IS FOMC CPI NFP GDP UNEMPLOYMENT CLAIM NEWS ?
1) CPI (Consumer Price Index)
2) FOMC (Intrest Rate)
3) NFP (Non Farming Payroll)
4) UNEMPLOYMENT CLAIM
5) GDP(Gross Domestic Product)
CPI (CONSUMER PRICE INDEX)
1. Health Inflation:- 3 To 4%
2. Below That Inflation Goes From 0.5% to 0.6% Then that is good for us.
3.It usually indicate the increase in price of goods & service.
4.Importnt data to Use and predict the future movement of overall price in major pairs.
FOMC (INTEREST RATES)
1. Interest rate are decide in this meeting.
2. The more the interest rates the batter for the country.
3. current interest rate in US is 5.50
4. Recently there was a news of rates cut soo it is good for gold and gold made all time high
5. Very volatile news usually release at 11.30 PM IST.
NFP (NON FARMING PAYROLL)
1. In this data employment change of private sector workers who are not famers are released.
2. The more the data it shows that more number of people are being employed which is good for us dollar.
3. If the date is less than forecast that shows that people lost thier jobs which is not a good news for us dollar.
4. And vise versa for gold if nfp data is more bad for xauusd &if nfp data is less then good for xauusd.
UNEMPLOYMENT CLAIMS
1. In this news how many people are getting the jobs or losing their jobs is displayed by us govt.
2. Less than forecast shows that less people are unemployed now.
3. More than forecast shows that more people are unemployed now.
4. It is quite the opposite of nfp data if you really understand in terms of numbers.
GDP (GROSS DOMESTIC PRODUCT)
1. The more the gdp the stronger the currency no other factors are considered in this.
2. India is 5 th largest economy on the basis of gdp only.
Thank you for a reading...
