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Fundamental analysis

PostPosted: Fri Jul 03, 2009 2:03 pm
by User
Forum transfer: Submitted by Tommy on April 3, 2007 - 15:38.

Can anyone tell me how to use fundamental analysis effectively? What economic indicators should I watch (I mean really influential ones) to anticipate currency moves? thank you

Re: Fundamental analysis

PostPosted: Fri Jul 03, 2009 2:05 pm
by User
Forum transfer: Submitted by Submarin on April 10, 2007 - 12:21.

Hi,
What I usually do, I read this calendar:
http://www.forexfactory.com/calendar.php

They show the most important data in red.
If you want some quick basics, go here: http://www.forex-fundamental-analysis.com/

Re: Fundamental analysis

PostPosted: Fri Jul 03, 2009 2:05 pm
by User
Forum transfer: Submitted by Forex trader on April 15, 2007 - 17:35.

I have recently read that pro traders can make 20% to 30% of total account a month just trading on the first Friday of each month.
When the payroll data came out on Friday morning they are ready to get in. They would then ride an extreme "well-shaken" market from several minutes to an hour and get out with decent profits.

Re: Fundamental analysis

PostPosted: Fri Jul 03, 2009 2:06 pm
by User
Forum transfer: Submitted by Forex trader on April 15, 2007 - 17:37.

Forgot to mention the news are about US employment, thus they watch USD currency in pair with any other one.

Re: Fundamental analysis

PostPosted: Fri Jul 03, 2009 2:06 pm
by User
Forum transfer: Submitted by 4Rex on June 16, 2007 - 13:01.

Wow, awesome info. I'll definitely note this for my trading. Thanks guys!

Re: Fundamental analysis

PostPosted: Fri Jul 03, 2009 2:06 pm
by User
Forum transfer: Submitted by Ted on July 3, 2007 - 10:17.

focus on US Non Farm Payroll, US Interest rates and CPI.

Re: Fundamental analysis

PostPosted: Fri Jul 03, 2009 2:07 pm
by User
Forum transfer: Submitted by User on December 12, 2008 - 20:46.

What kind of strategy are they using. It justs seems dangerous to me to trade around those times because broker do not ensure any fills or stops right after NFP comes out

Re: Fundamental analysis

PostPosted: Mon Oct 26, 2009 9:21 pm
by Selden
While I do realize the importance of fundamentals in trading, I find the informaiton overwhelming. I just know what to choose and on what to concentrate..dailyfx, bloomberg, different reports, economic indicators and calendars....it's too much for a newbie..
Can anyone tell me where I can find a short resume on the fundamental analysis?

Re: Fundamental analysis

PostPosted: Tue Oct 27, 2009 2:42 am
by Joe Whitehorse
Selden wrote:While I do realize the importance of fundamentals in trading, I find the informaiton overwhelming.....it's too much for a newbie..
Can anyone tell me where I can find a short resume on the fundamental analysis?


There are one or two firms out there who wrap it all up & pull various key items of fundamental &technical information together for ease of use.

Have you tried having a snoop around on the LFB site?
https://www.thelfb-forex.com/content.aspx?id=112

A lot of the good stuff is on subscription (which it is with all the decent firms), but there are free sections of the site that offer a pretty good wrap of the major influences affecting the daily market bias.

Failing that, the usual free sheets will offer you an abridged version of what's on the agenda on a day to day basis if you're not looking to get swamped by all the different views:
http://www.bloomberg.com/news/markets/currencies.html
http://www.reuters.com/finance/currencies

Re: Fundamental analysis

PostPosted: Sun Dec 06, 2009 2:33 pm
by MDunleavy
I've found interest article about $ index.
Why the U.S. Dollar Will Continue to Fall.
===============
The U.S. dollar is in the crosshairs of three schemes to dethrone it as the world’s reserve currency.
No wonder inflation is on the horizon.
The dollar’s value has sunk 11.2% on the New York Exchange in just four months. In fact, the inflating dollar has hit its lowest level of 2009 against six major currencies, including the Euro, the British pound and the Swiss franc.
China and OPEC each have their own plans to destroy the dollar, but the third plan is coming from a very unlikely source: the U.S. government.
This report pulls the curtain on all three of these plans. It also shows you how to protect your savings – and increase your portfolio – even as inflation rises dramatically.

Box Size1 60X2 or(3.38%) HI/LO
Data 118.8 - 70.7 ~ 93 Month ~ 2830 Day
Database 2000 records 75.78 (Last Close)
2002-03-06 00~00
2009-12-04 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

Code: Select all
120.00|~16O||____________________________|-1.01%|69.73%
118.40|~32O||Xo__________________________|0.34%|67.47%
116.80|~48O||_o__________________________|1.68%|65.21%
115.20|~64O||_o__________________________|3.03%|62.94%
113.60|~8OO||_o__________________________|4.38%|60.68%
112.00|~96O||_o__________________________|5.72%|58.42%
110.40|~112O|_o__________________________|7.07%|56.15%
108.80|~128O|_oX_X_______________________|8.42%|53.89%
107.20|~144O|_oXoXo______________________|9.76%|51.63%
105.60|~16OO|_oXo_o______________________|11.11%|49.36%
104.00|~176O|_o___o______________________|12.46%|47.1%
102.40|~192O|_____o______________________|13.8%|44.84%
100.80|~2O8O|_____oX_____________________|15.15%|42.57%
|99.20|~224O|_____oXoX___________________|16.5%|40.31%
|97.60|~24OO|_____o_oXo__________________|17.85%|38.05%
|96.00|~256O|_______oXo__________________|19.19%|35.79%
|94.40|~272O|_______oXo__________________|20.54%|33.52%
|92.80|~288O|_______o_o__________________|21.89%|31.26%
|91.20|~3O4O|_________oX_____X___________|23.23%|29%
|89.60|~32OO|_________oXo__X_Xo______X___|24.58%|26.73%
|88.00|~336O|_________oXo__XoXo____X_Xo__|25.93%|24.47%
|86.40|~352O|_________oXo__Xo_o__X_XoXoX_|27.27%|22.21%
|84.80|~368O|_________o_oX_X__o__XoXoXoXo|28.62%|19.94%
|83.20|~384O|___________oXoX__o__Xo_oXo_o|29.97%|17.68%
|81.60|~4OOO|___________o_o___o__X__oX__o|31.31%|15.42%
|80.00|~416O|_________________oX_X__oX__o|32.66%|13.15%
|78.40|~432O|_________________oXoX__o___o|34.01%|10.89%
|76.80|~448O|_________________oXo_______o|35.35%|8.63%
|75.20|~464O|_________________oX________o|36.7%|6.36%
|73.60|~48OO|_________________oX_________|38.05%|4.1%
|72.00|~496O|_________________o__________|39.39%|1.84%
|70.40|~512O|____________________________|40.74%|-0.42%
Column|~528O|1132272549462252315262367427|
Count||~544O|_O_______________2__________|


Image

BJF-Trading-Group-DXY_4H15min_091205.xls

DollarReport_MMDOL10091.pdf