When it comes to talking about how to trade economic events in Forex, almost all traders and investors think about interest rates, inflation, and the famous nonfarm payrolls. However, the durable goods orders data has a significant value in the economic landscape of any country. Today, we are going to talk about durable goods orders, a well known economic report that due to … [Read more...] about Durable goods orders: How to trade in Forex
Fundamental Analysis
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CPI: How Inflation Data Affects Currencies
The Consumer price index is a crucial element for the economy as inflation is an important topic that central banks try controlling. Prices can make central banks to raise or cut interest rates; it can also push currencies down or up, or even can make you feel that everything will be fine, or will go badly. With that in mind, traders around the world spend hours learning the … [Read more...] about CPI: How Inflation Data Affects Currencies
How to use GDP in Forex and make money
The GDP announcement is a source of volatility in the Forex market, and traders all around the world analyses every data to place trades and to make money. But how we can trade GDP in Forex and make decent profits? As the GDP is the most important economic release in a country, it definitely affects the direction of a currency. Keep reading and learn how to trade the GDP … [Read more...] about How to use GDP in Forex and make money
NonFarm Payrolls Report: How to trade NFP
The nonfarm payrolls report and Forex have an idyllic but savage relationship of love and hate. There is no better economic release to trade in Forex, or at least more popular, than the U.S. employment report and the infamous Nonfarm payrolls number, but what if NFP? Today, we are going to talk about one of the most popular and pip-producer economic events in the whole … [Read more...] about NonFarm Payrolls Report: How to trade NFP
Interest Rate Decisions and Impact in Forex
Interest rates decisions are one of the most important economic events in the Forex industry. It can change the fate of a currency or a pair with the decision itself but also with the monetary policy a central bank is adopting. What are interest rates Interest rates are the amount of interest in a proportion of the amount of money lent in a specific period of time. In … [Read more...] about Interest Rate Decisions and Impact in Forex