Fundamental Analysis

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

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

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

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