Fundermentals of some currencies in forex market.

0 14
Avatar for amysaad1215
2 years ago

Fundamentals (USD)

•Fundamentals that affect US Dollar:

Non-Farm Payroll (NFP) - Number of paid part-time or full time jobs in the public sector, excluding the farming sector.

•1st Friday of each month.

High Employment figure = Positive for USD Buy/Bullish.

Low Employment Figure = Negative for USD Sell/Bearish.

•lUnemployment Rate –The percentage of the total work force that is unemployed and actively seeking employment.

•1st Friday of each month.

Low Unemployment Figure = Positive for USD Buy/Bullish.

High Unemployment figure = Negative for USD Sell/Bearish.

•Fundamentals that affect US Dollar:

Interest Rate – When the Federal Open Market Committee (FOMC) members vote on where to set the rate.

•Every 2 months.

High Interest Rate = Positive for USD Buy/Bullish.

Low/Unchanged Interest Rate = Negative for USD Sell/Bearish (Only trade gold).

Fundamentals (GBP)

•Fundamentals that affect GB Pound:

Manufacturing Purchasing Manager’s Index (PMI) –

Measures the activity level of purchasing managers in the manufacturing industry.

•Every month.

Positive PMI (Above 50%) = Positive for GBP Buy/Bullish.

Negative PMI (Below 50%) = Negative for GBP Sell/Bearish.

Interest Rate – Bank of England (BOE) monetary policy committee members vote on where to set the rate.

•Every 2 months.

High Interest Rate = Positive for GBP Buy/Bullish.

Low Interest Rate = Negative for GBP Sell/Bearish.

Fundamentals (GBP)

•Fundamentals that affect GB Pound:

Construction Purchasing Management Index (PMI) – Measures the activity level of purchasing managers in the construction industry.

•Every month.

Positive PMI (Above 50%) = Positive for GBP Buy/Bullish

Negative PMI (Below 50%) = Negative for GBP

•Fundamentals that affect GB Pound:

Gross Domestic Product (GDP) – Measure the value of all finished goods and services produced by the economy.

•Every 3 months.

Positive GDP = Positive for GBP Buy/Bullish.

Negative GDP = Negative for GBP Sell/Bearish.

Fundamentals (EUR)

•Fundamentals that affect EUR:

Queens Speech – Positive for EUR Buy.

Interest Rate – ECB Announcement.

•Every 2 months.

High Interest Rate = Positive for EUR Buy/Bullish.

Low Interest Rate = Negative for EUR Sell/Bearish.

Thank you for reading my content.please font forget to give it 👍if you find this useful for more educative articles.

0
$ 0.00
Avatar for amysaad1215
2 years ago

Comments