News for the analysis of the Forex market

News for the analysis of the Forex market

What are the main news for the analysis of the forex market?
Fundamental analysis, expressed in tracking the factors affecting trading assets, refers to the
classic of trading. In theory, it seems very simple, but in practice requires skill, experience and
understanding of many nuances, without knowledge of which it will not be effective. The
investor needs to pay attention to the nature of the incident, its strength, time of appearance, the
degree of currency involvement, etc. Only in this case the operation will be successful.
Views on Forex main news
Every day in the world there is a huge number of events that can change the value of assets.
They differ in the level of influence and duration of exposure.
At Forex, the main news that investors use to work is the second group. They also cause a strong
oscillation. These include the reports of national banks, the publication of statistical indications,
data on the economic development of the country. They are prepared in advance for their exit.
They are reported on certain days by special bodies under strict government control. In each
country the schedule of such releases is different.
Learn about them helps the economic calendar - a convenient digest, where events are arranged
in chronological order. To help traders filter that allows you to filter out unnecessary incidents,
highlight important or coming. In addition, they are supplied with historical data and forecast
indicators, simplifying the analysis and allowing you to get an idea of ​​the consequences of their
exit.
Every day the media reports about 1-2 such news. They seriously change the market, stop the
trend, form a new one, or, on the contrary, give the old additional impetus. They are suitable for
both short-term trading in order to take profits for several hours on a wave of strong movement,
and for the long-term.
The latter group includes factors that are unable to change the situation drastically. But they
need to be taken into account - they give new forces to the trend or, on the contrary, temporarily
slow it down. They do not seriously affect the market, but play a big role in the life of trading
processes.
Work on Forex with the main news
Each event that affects the movement of quotations, has a certain degree of impact. Depending
on the situation, it can seriously differ. For example, on the same day, news about rising
unemployment in the US will cause a collapse of the dollar, but in another - will not lead to such
consequences, but all because traders will be distracted, say, to the statement of a prominent
politician, and it will pass unnoticed.
In addition, global factors do not always give rise to sharp jumps in the rate. Sometimes the
price changes gradually, gradually rising within a month or decreasing about a week. For this
reason, the short-term and long-term effects are distinguished.
In the first case, the price receives an impulse, moving it from one day to a couple of months.
For example, news about the positive nature of the growth of the Japanese economy will cause
the yen to rise for a period of 10-14 days. In the second case, usually the catalyst is the
comments of prominent statesmen or statements of the heads of large commercial companies.
Their strength can be weakened at any moment, which must necessarily be taken into account.
Each factor needs a separate study and forecasting. Moreover, it is necessary to take into account
rumors accompanying such events, as well as expectations of market participants.