Forex Fundamental AnalysisThe basics of Forex Fundamental Analysis 🌐
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What moves EUR/USD?US economic indicators by Rank:1. US Non Farm Payroll — measures new jobs created in States.2. Interest rates — FOMC rate decisions. 3. US Trade Balance, European Trade Balance — a proportion between exports and imports in US economy. 4. U.S. Current Account 5. US Treasury Inflow Capital (TIC) Data — a measure of how much foreign buying of country's securities takes place. 6. US Gross domestic product (GDP) — a measurement of growth in economy. 7. Federal Open Market Committee (FOMC) Rate Decisions — data about changes in currency rates. 8. US Retail Sales — a measure of strength of consumer expenditure. 9. Consumer price index (CPI) — a measure of inflation in Europe. Note, that because the US dollar is involved in over 80% of all currency trades, US economic data tends to be the most important in the Forex market. What moves USD/JPY?Besides US economic indicators, there are important data of Japan economy with its indicators:Bank of Japan Monetary Policy Meeting — decides on measures to preserve strength of the currency. Fundamentals for GBP/USDAll US economic indicators should be watched plus:UK Housing Prices — number one indicator for Pound, UK Housing Prices are primary gauge of inflation in the UK. Bank of England Meeting — provides an outline of monetary policy and changes to currency interest rates. UK Unemployment rate UK Retail Sales To your trading success! | ||||||||||
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