The Purchasers Manager Index (PMI) is an important economic data released every month to show the performance of the economy. The two most important providers of the PMI data are ISM Markit and the Institute of Supply Management (ISM). IHS Markit, a publicly-traded company valued at more than $30 billion, is the biggest provider of the data in the world. It has long-standing … [Read more...] about PMIs In Forex Explained
Fundamental Analysis
Learn how to trade events
A Guide To FOMC Releases
What is the FOMC? The Federal Reserve (Fed) is the most important central bank in the world because of the size of the American economy and the US dollar. The bank is responsible for setting the monetary policy in the US, supervising financial companies like banks, and ensuring the financial stability of the financial system. The Federal Open Market Commission (FOMC) is … [Read more...] about A Guide To FOMC Releases
Tips To Effectively Trade News Releases In Forex
Preparation accompanies any news trading strategy, and this is something we cannot underestimate. Just like a sprinter can spend months preparing for a mere 10-sec 100m sprint, very similarly, a trader needs to prepare well in advance for a news event that has a short-lived impact. Some of these recommendations may appear small, but can play quite a significant … [Read more...] about Tips To Effectively Trade News Releases In Forex
Forex Market Analysis – Beyond The Charts
Pros and cons of technical analysis One of the biggest arguments to illustrate the cons of technical analysis is the widely-held belief of being a lagging indicator. The information traders get from this form of studying the markets is thought to be 'after the fact.' Technical analysis uses the premise that markets repeatedly move in a wide plethora of patterns. Because … [Read more...] about Forex Market Analysis – Beyond The Charts
Forex Fundamentals: Domestic vs Global Drivers
There are three primary domestic drivers of currency and four main global drivers. Although the drivers are somewhat interrelated, yet they are unique and deserve discussion one by one. To understand how some of the factors interrelate, you can check out the figure below. From the image, you can get an idea of the interplay and relationships between domestic and global … [Read more...] about Forex Fundamentals: Domestic vs Global Drivers
