The economic calendar is a forex trader’s best friend, or so they say. Keeping abreast of events in the global economy is the hallmark of a successful trader. Among other things, the economic calendar keeps track of important reports and releases such as PMI. The PMI and other reports have a massive influence on market sentiment and, by extension, the market's risk … [Read more...] about PMI and Its Impact on Forex Trading
Fundamental Analysis
Learn how to trade events
How Forex Traders Should Properly Utilize ISM Manufacturing Index
You are a serious forex trader if you spend a lot of time reading financial news outlets searching for actionable information. If you do so regularly, you might have come across stories about manufacturing data. Traders use the data to gauge the possible direction of the economy. This information is compiled into what experts call purchasing managers index (PMI). In the … [Read more...] about How Forex Traders Should Properly Utilize ISM Manufacturing Index
Economic Bubbles from an Efficient Market Hypothesis’ Perspective
Economic bubbles leave behind a mess of carnage when they go kaboom. In the 21st century, the world of finance has already seen two major bubbles that have resulted in deep recessions after going burst. It is estimated that more than $5 trillion was wiped from the stock market after the Dotcom bubble popped in 2000. Bubbles draw closer to popping when they turn … [Read more...] about Economic Bubbles from an Efficient Market Hypothesis’ Perspective
Interest Rates Move Markets, Here Is Why Forex Traders Should Care
You are probably aware that central banks exist to manage the inflation rates in a given economy. You might also be aware that the rate of inflation that an economy records affects the rate at which it grows. What you might not know is that inflation and interest rates are joined at the hip. Interest rates make up the biggest force that influences the direction of the … [Read more...] about Interest Rates Move Markets, Here Is Why Forex Traders Should Care
What Impact Do Currency Fluctuations Have on The Economy?
Global trade might not be at its highest peak today, but it remains a critical aspect of the global economy. According to analysis, global trade has grown exponentially over the past century, largely on the back of increased economic integration through globalization. National economies are now part of a global economic system, which has contributed to the creation of wealth on … [Read more...] about What Impact Do Currency Fluctuations Have on The Economy?
