Fundamental Analysis in Forex Trading: Factors that Affect Currencies
READING TIME: 11 MINUTES
Estimating future price movements in the currency market is challenging for many. Globally, the foreign exchange market commands the biggest slice of the financial ‘cake’, claiming an eye-watering US$6.6 trillion in global FX market turnover.
Traders will use a...
I've applied the amazing TradingView Economic Calendar Widget tool to my website.
It's extremely useful to use and apply.
What I love about it is that I can customise the high impact news to watch out for on the daily.
I thought I'd share a quick How it works guide!
Intro to the Economic Calendar Widget by TradingView
Whether you’re a fundamental (news...
The next week will be loaded from the fundamental point of view with a lot of news events on different currencies. Only on Friday we can trade technically free. So I recommend you to avoid trading 2 hours before and after the news event.
Next week will be a less fundamentally busy one, as we have only CPI on USD and OPEC Meetings on Wednesday, this means we could see some volatility on OIL and PPI on USD on Thursday, so you are free to trade technically. I expect the price to respect technical arguments and we will make some great trades.
As usual, at the beginning of the month we have a busy week from a fundamental point of view, with presentations of reference rates, NFP, etc. As well, on Monday we have bank holiday on GBP and Tuesday, Wednesday and Thursday on JPY, so we can see less volatility on pairs with these currencies. Seems we could see an increase rates on AUD, USD and GBP, but I think...
The best periods or months this year were mid-May to mid-June there was so much happening, all at the same time, and September to early October.
The rest of the year was rather fine with a small amount of signals trends events. Except November. That month was so bad.
December was/is not too bad, especially considering christmas. There's things going on with the...
