fundamental analysis: headline news Flashcards
what are headline news?
Real-time forex news of the different fundamental events worldwide
how much of the fundamental analysis are the headline news?
70%
principal tool to create our fundamental idea
what us the best forex website for headline news?
ForexLive is the best website to read and research everything that is going on with the FX Market
why is ForexLive is the best website to read and research everything that is going on with the FX Market?
4 analysts that follow every news source and post on the site 24/7
each post is a fundamental headline
what are the most important parts of the ForexLive site?
The Must Read section for the most important news of the moment
Trading Session Wraps to keep yourself updated
What should you look for when you are reading, researching, analysis headline news?
goal is to accumulate important fundamental information and put it in your fundamental bag to grow your understanding/knowledge and later on form your fundamental idea
What are the main trading sessions?
Tokyo
London
New York
Tokyo trading session
Asians grinding
the currencies that move are JPY, AUD, NZD
London trading session
Europeans be grinding
Currencies who are moving: GBP, EUR, CHF
New York trading session
Americans be grinding
Currencies who are moving: USD, CAD, GOLD
why is the New York Session volatile and bipolar?
because all of the political/economical relationships with other countries
Trump
Financial institutions agendas (outside of trading)
what are the characteristics of the JPY
JPY is inversely correlated with CNY
JPY is a safe haven in asia.
When things are bad in asia, the JPY goes up
Why is the JYP is a safe haven?
because they have a strict monetary policy
They handle their economy very seriously and safely
It’s a worry-free investment for investors in asia
what are the characteristics of the AUD?
AUD does business mostly with China, it’s economy depends on it
AUD is directly correlated with China’s economy
AUD is a big producer of gold, when gold appreciates it affects AUD positively
AUD little brother is NZD
what are the characteristics of the NZD?
NZD is very dependant on AUD, it’s their principal business partner
Since AUD is dependant on China, NZD is indirectly dependant on China as well
NZD has an economy very dependant on dairy products that they export