Some of the fundamental news that should be observed in FOREX Trading:
1. Economic Growth Data
GDP (Gross Domestic Product) is an indicator that measures the total value of goods or services produced a State, GDP consists of four main components as follows:
• Consumption Rate, Indicator-related: Consumer Spending
• Total Investment in State
• Government expenditure in the form of purchases of goods and services required
• Trade Balance is the difference in value of exports to imports, trade balance Trade Balance indicators are also often the focus of investors to determine the economic growth in one country, How to predict this story is the same as predicting the results of GDP
That affect the GDP (Gross Domestic Product) of a State is:
• Data Labor
Included in this category is the change in the amount of labor, unemployment data, the monthly wage payment data, more commonly known name is the Employment change, non-farm employment change (non-farm payrolls), non-farm productivity, unit labor costs, labor costs index, unemployment rate , claims, claimant count change that affects the level of consumption, employment data of the most powerful and rapid price movements are: non-farm payrolls, non-farm payroll employment is the number of new non-agricultural sector who work full time or part time to earn wages / official salary of more than 500 private and public companies,
• Data rate of consumption
If the salary / wages received by high consumption is also high, because certainly some wages are also spent on consumption, but consumption was also associated with the retail sector (retail sales), the consumption of home purchases, namely: housing starts, building permits, building approval, house price index, mortgage approval, national home price index, new home sales, and manufacturing sectors such as manufacturing production and industrial production, the effect of currency is directly proportional, if the housing sector to increase the value of the currency of the State concerned will rise
• The data of foreign capital
TIC net long - term investment transactions that affect one country
• Inflation Data
Policies issued by the government related to the rising prices of goods and services are: inflation is better known as the CPI and PPI, the consumer price index (CPI) is an indicator that measures the rate of increase of goods and services charged to consumers,Production price index (PPI) is a economic indicator that calculates the rate of inflation of goods purchased by the manufacturer or manufacturing company (processing of goods), if the inflation rate for goods and services purchased by manufacturers rose, then the manufacturer will also be raising the price of goods dab services to cover raw material price increases that have been purchased, if the price of goods and services rose then that's the beginning of the trigger inflation and the government together with the central bank will try to raise rates
2. Survey data
Often a survey of a number of people could affect market sentiment towards the currency in question, including: consumer confidence, consumer sentiment, consumer confidence index, PMI, Ivey, manufacturing and services PMI, Chicago PMI, IFO survey, German ZEW economic sentiment, etc. , the point when sentiment toward business, economy, manufacture decline, the market will usually react negatively to the currency of that State, of course, assuming that the market considers a very important survey data news
3. Data commodity prices (oil and gold)
America is the country's largest oil importer in the world, so the U.S. dollar becomes very sensitive to rising oil prices, when oil prices go up then the U.S. dollar (USD) will be weakened, so did Japanese YEN (JPY) for Japan, including oil importer after the 3rd world America and China, when oil prices rose, the dollar Canada (CAD) is likely to strengthen as Canada, including the second-largest oil exporter after Saudi Arabia, if the price of gold rises, then the benefit is Australia and New Zealand because they are the world's largest gold producers, exchange rate Australian dollar (AUD) and New Zealand (NZD) tend to follow the movement of gold prices, so the exchange rate affect each country if the price of gold rises, then the pair EUR / USD the EUR / USD tends to rise
TECHNICAL ANALYSIS
Methods of technical analysis is a method for analyzing past price data from a market, volume and open interest to predict price trends in the future, these data are then presented in graphical form, the main weapon of the technical analyst are charts, through This chart they can see the ongoing trend, the trend period, the volume of transactions, and psychological levels that exist, the parties who believe that technical analysis, they can learn patterns of movement of exchange rates in the future, based on observations of past exchange rate movements, and patterns depicted in the graph is always recurrent (history always repeats it self), and each market has a nature / character of its own
The market price (price trend) is determined by the attitude of traders who trade in it, this means that the market is moved by psychology trader, whether greed, fear, hope, despair, etc., technical analysis study the psychology of this market is illustrated in the form of graphs, if you have been able to find out: the ongoing trend, volume of transactions, Levels of psychological (support and resistance), and the period of time that happens, then you will get a huge advantage
1. Economic Growth Data
GDP (Gross Domestic Product) is an indicator that measures the total value of goods or services produced a State, GDP consists of four main components as follows:
• Consumption Rate, Indicator-related: Consumer Spending
• Total Investment in State
• Government expenditure in the form of purchases of goods and services required
• Trade Balance is the difference in value of exports to imports, trade balance Trade Balance indicators are also often the focus of investors to determine the economic growth in one country, How to predict this story is the same as predicting the results of GDP
That affect the GDP (Gross Domestic Product) of a State is:
• Data Labor
Included in this category is the change in the amount of labor, unemployment data, the monthly wage payment data, more commonly known name is the Employment change, non-farm employment change (non-farm payrolls), non-farm productivity, unit labor costs, labor costs index, unemployment rate , claims, claimant count change that affects the level of consumption, employment data of the most powerful and rapid price movements are: non-farm payrolls, non-farm payroll employment is the number of new non-agricultural sector who work full time or part time to earn wages / official salary of more than 500 private and public companies,
• Data rate of consumption
If the salary / wages received by high consumption is also high, because certainly some wages are also spent on consumption, but consumption was also associated with the retail sector (retail sales), the consumption of home purchases, namely: housing starts, building permits, building approval, house price index, mortgage approval, national home price index, new home sales, and manufacturing sectors such as manufacturing production and industrial production, the effect of currency is directly proportional, if the housing sector to increase the value of the currency of the State concerned will rise
• The data of foreign capital
TIC net long - term investment transactions that affect one country
• Inflation Data
Policies issued by the government related to the rising prices of goods and services are: inflation is better known as the CPI and PPI, the consumer price index (CPI) is an indicator that measures the rate of increase of goods and services charged to consumers,Production price index (PPI) is a economic indicator that calculates the rate of inflation of goods purchased by the manufacturer or manufacturing company (processing of goods), if the inflation rate for goods and services purchased by manufacturers rose, then the manufacturer will also be raising the price of goods dab services to cover raw material price increases that have been purchased, if the price of goods and services rose then that's the beginning of the trigger inflation and the government together with the central bank will try to raise rates
2. Survey data
Often a survey of a number of people could affect market sentiment towards the currency in question, including: consumer confidence, consumer sentiment, consumer confidence index, PMI, Ivey, manufacturing and services PMI, Chicago PMI, IFO survey, German ZEW economic sentiment, etc. , the point when sentiment toward business, economy, manufacture decline, the market will usually react negatively to the currency of that State, of course, assuming that the market considers a very important survey data news
3. Data commodity prices (oil and gold)
America is the country's largest oil importer in the world, so the U.S. dollar becomes very sensitive to rising oil prices, when oil prices go up then the U.S. dollar (USD) will be weakened, so did Japanese YEN (JPY) for Japan, including oil importer after the 3rd world America and China, when oil prices rose, the dollar Canada (CAD) is likely to strengthen as Canada, including the second-largest oil exporter after Saudi Arabia, if the price of gold rises, then the benefit is Australia and New Zealand because they are the world's largest gold producers, exchange rate Australian dollar (AUD) and New Zealand (NZD) tend to follow the movement of gold prices, so the exchange rate affect each country if the price of gold rises, then the pair EUR / USD the EUR / USD tends to rise
TECHNICAL ANALYSIS
Methods of technical analysis is a method for analyzing past price data from a market, volume and open interest to predict price trends in the future, these data are then presented in graphical form, the main weapon of the technical analyst are charts, through This chart they can see the ongoing trend, the trend period, the volume of transactions, and psychological levels that exist, the parties who believe that technical analysis, they can learn patterns of movement of exchange rates in the future, based on observations of past exchange rate movements, and patterns depicted in the graph is always recurrent (history always repeats it self), and each market has a nature / character of its own
The market price (price trend) is determined by the attitude of traders who trade in it, this means that the market is moved by psychology trader, whether greed, fear, hope, despair, etc., technical analysis study the psychology of this market is illustrated in the form of graphs, if you have been able to find out: the ongoing trend, volume of transactions, Levels of psychological (support and resistance), and the period of time that happens, then you will get a huge advantage
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