TradeWays Presentation:

TCD Expert Advisor

 

Forex Fundamentals
Most Influential Economic Numbers for the Forex market

Preliminary (advanced estimate) GDP (published every quarter, Canada publishes monthly GDP)
Good GDP is good for the currency in a long term.
GDP above expectations means quick raise for the national currency to the new level.
***NOTE: Germany is the major country in the Euro-zone, next come France and Italy

Interest Rates announcement for the national currency
(changed by Monetary Policy Committees of national Central Banks every month-6 weeks).

Second level Influential Economic Figures (every month)

Manufacturing PMI-ISM indicators (different names for the same indicator in different countries).
Service PMI-ISM are less important.

Industrial Production

National Specific
- USA: Non-Farm Payrolls, preliminary Michigan Consumer Confidence Sentiment ;
- Germany (and Euro-Zone): West Germany IFO index ;
- Japan: Machinery Orders, Tankan quarterly Survey.

Third level fundamentals important for the Forex market

monthly inflation CPI (HICP);
retail sales;
unemployment/jobless figures;
various sentiment/confidence/conditions/climate indicators;
PPI;
manufacturing production.


***NOTE: National Indicators are more important than Regional (districts, provinces, major cities)

Less Influential Indicators - work only sometimes
current account;
Central Banks' minutes (published with delay);
money supply M2/M3;
building permits/housing starts.

 

History of foreign exchange

Forex Structure

How to start Trading

Forex Trading Advantages

Forex Dynamics

Forex Participants

Forex quoting conventions

Forex Calendar

 

Copyright © TradeWays Ltd.