FOREX ECONOMIC CALENDAR TRADING
Economic calendar is a type of calendar that is intended to inform financiers and traders about the scheduled major economic numbers (like CPI, PMI, Jobless Claims), government reports and speeches of the most influential persons of the financial world. Economic calendars are usually issued on a hourly basis.
Economic Events & Indicators analysis is the examination of the underlying forces that affect the interests of the economy, industrial sectors and companies.
Forex indicates increased or decreased value of an investment caused solely by currency movements. For instance finding US dollar weak or going down, an investor might purchase German money markets.
As with most FOREX analysis, the goal is to derive a forecast for the future. Learning the monthly sequence of economic releases and market reaction to each release is one of the first steps in learning to track the economy.
Forex traders should be taught to compare market expectations with actual economic indicators and then evaluate market reactions. Key Economic Indicators have strong effects on Forex Market so currency traders should be aware of them when preparing strategies. Many profitable forex trades are made moments prior to or shortly after major economic announcements.
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