Using fundamental models to forecast trends in the exchange rates can be quite difficult. The analyst shall examine several economic reports as many times the figures from one model alone are not sufficient. It is also important to go behind the figures, read the reports closely, and analyze their meaning in the global picture. In other words, you must read more than the headlines and see what is said between the lines!
If you feel interest in using fundamental approaches, make sure you are not seduced by the theory. They can be intellectually quite stimulating but on the other side they can also overload you and make you succumb to the “paralysis of analysis.” Remember the importance of building the big picture, but do not confound it with the practical decision making process. Read more
REPORT: How to trade events - Forex Crunch
REPORT: Two Cases When Trading News Events Goes Wrong - Yohay Elam
VIDEO: How to Trade High Impact News Events - Jarrat Davis
If you feel interest in using fundamental approaches, make sure you are not seduced by the theory. They can be intellectually quite stimulating but on the other side they can also overload you and make you succumb to the “paralysis of analysis.” Remember the importance of building the big picture, but do not confound it with the practical decision making process. Read more
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Economic calendarREPORT: How to trade events - Forex Crunch
REPORT: Two Cases When Trading News Events Goes Wrong - Yohay Elam
VIDEO: How to Trade High Impact News Events - Jarrat Davis
Editors’ Picks
EUR/USD holds above 1.0700 after German inflation data
EUR/USD trades modestly higher on the day above 1.0700. The data from Germany showed that the annual HICP inflation edged higher to 2.4% in April. This reading came in above the market expectation of 2.3% and helped the Euro hold its ground.
GBP/USD holds positive ground above 1.2500 on weaker US Dollar, Fed rate decision looms
The GBP/USD pair holds positive ground near 1.2520 on Monday during the early Asian session. The uptick of the major pair is supported by the softer US Dollar below the 106.00 psychological mark. Investors will closely monitor the Federal Open Market Committee interest rate decision and Press Conference on Wednesday.
USD/JPY recovers above 156.00 following suspected intervention
USD/JPY recovers ground and trades above 156.00 after sliding to 154.50 on what seemed like a Japanese FX intervention. Later this week, Federal Reserve's policy decisions and US employment data could trigger the next big action.
Editors’ Picks
EUR/USD holds above 1.0700 after German inflation data
EUR/USD trades modestly higher on the day above 1.0700. The data from Germany showed that the annual HICP inflation edged higher to 2.4% in April. This reading came in above the market expectation of 2.3% and helped the Euro hold its ground.
USD/JPY recovers above 156.00 following suspected intervention
USD/JPY recovers ground and trades above 156.00 after sliding to 154.50 on what seemed like a Japanese FX intervention. Later this week, Federal Reserve's policy decisions and US employment data could trigger the next big action.
Gold holds steady above $2,330 to start the week
Gold fluctuates in a relatively tight channel above $2,330 on Monday. The benchmark 10-year US Treasury bond yield corrects lower and helps XAU/USD limit its losses ahead of this week's key Fed policy meeting.
Week Ahead: Bitcoin could surprise investors this week Premium
Two main macroeconomic events this week could attempt to sway the crypto markets. Bitcoin (BTC), which showed strength last week, has slipped into a short-term consolidation.
Five Fundamentals for the week: Fed fears, Nonfarm Payrolls, Middle East promise an explosive week Premium
Higher inflation is set to push Fed Chair Powell and his colleagues to a hawkish decision. Nonfarm Payrolls are set to rock markets, but the ISM Services PMI released immediately afterward could steal the show.
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