Sometimes we feel confused analysis of what we will use in our trading. Either because they can not follow the price movement, or because they cannot know the volatility of the market tend to fluctuate due to the influence of fundamentals. Well, this article will discuss how to read the news as fundamental analysis in forex. Including on economic indicators and how the reading.
What is Fundamental Indicator?
Is a fundamental indicator of world economic news that could affect currency movements. To be successful in the business world of forex trading, we must understand and know very well how to read forex economic news as fundamental analysis. In studying the fundamental analysis, there are many patterns in the determination of entry because of the news release will be a significant effect for example on the retrace and futures trading. Well, to be a fundamentalist, a trader must have extensive knowledge in interpreting data trade economy.
Basically, there are dozens of articles fundamentals are quite important or very important for us to learn. The term fundamentals in forex are very important and needs to be understood by those who will invest in forex. A particular news will greatly affect the movement of a currency pair. Here attached some terms that are often mentioned in economic news along with a brief description and its influence on the currency. Everything is explained in Indonesian to allow you to learn. By understanding the contents of the data released, is expected to be able to do dynamic traders in the forex market
Unemployment Change
This is an indicator that measures the value of unemployment over the past month. If the value of Unemployment Change America (US) rises, then the USD will decline.
Reserve Bank of Australia (RBA)
The policy of the Australian central bank was able to change interest rates.
GDP (Gross Domestic Product)
It is a measure of the total volume of production in the region. Information from the GDP will greatly affect the flow of money of a nation's currency.
Retail Sales
Sales of goods will greatly affect the marketability of the consumer.
Commodity Prices
An indicator that measures the value of growth in export commodity prices.
PMI
PMI is a composite index of the five main indicators, which include several elements, namely: orders, inventory levels, production, shipping, and labor. If the index number above 50 means expansion of industry experience, and if the figure below 50 means contraction. This index is considered as an important indicator and is considered the best indicator to measure the level of production. This index can also detect the pressure of inflation and industrial activity.
Pending Home Sales
An indicator that calculates growth in a country house reservations.
Nonfarm
An indicator that measures the national production of goods and services outside the agricultural sector.
Unemployment Claims
An indicator that tracks the number of people who failed to get unemployment insurance for the first time until last week.
Consumer Price Index (CPI)
The indicator that measures the rate of increase of goods and services charged to consumers. The increase in prices of goods and services will ultimately increase inflation, which in turn usually be offset by raising interest rates. The increase in interest rates may strengthen the currency of the country concerned.
Import Price Index
An indicator that calculates the percentage of price increase (inflation) of goods imported.
Prelim UoM Consumer Sentiment
An indicator that calculates the rate composite index based on a survey of US consumers.
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