Most Important Forex Market Indicators
Unlike stock or commodity markets, the profit and loss of Forex trading largely depends on international matters. A Forex trader should therefore be have knowledge about international matters, what happening within other countries and what happening between countries. Globalization have made things much more complex; you hear a news of policy change by one country whose currency you are not trading, but suddenly will notice that you are profiting or losing with that news, because your country of interest have strong trade relationships with first country.
Below are some important indicators or news types which you want always to monitor and to take concern.
Below are some important indicators or news types which you want always to monitor and to take concern.
- GDP of a country; all Forex traders know its importance.
- GDP of countries having warm relationship with your favorite countries.
- Federal Open Market Committee (FOMC) meetings – this become more important as most other countries’ main trading partner is United States.
- G8, EU, OPEC, ASEAN summits, meetings, ministerial conferences, etc.
- U.S. Non-Farm Payroll announcements on every month’s first Friday.
- Visits of major nation leaders to other countries.
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posted by NobleTrading at
7:29 AM
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