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FUNDAMENTAL ANALYSIS IN FOREX TRADING, HOW TO UNDERSTAND AND TRADE NEWS EVENTS
Dec 10, 2024 at 11:16
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Dec 10, 2024 at 11:16
While many forex traders focus on technical analysis, fundamental analysis plays an equally important role.
Whereas technical analysis involves poring over charts to identify patterns or trends, fundamental analysis involves poring over economic data reports and news headlines.Fundamental analysis is a way of looking at the forex market by monitoring economic, social, and political forces that may affect currency prices.
Unlike technical analysis, which relies on historical price data and chart patterns, fundamental analysis looks at the broader economic picture to forecast currency price movements.
It involves analyzing a country’s economic indicators, central bank decisions, political events, and other fundamental factors to predict the future direction of a currency’s price.
Whereas technical analysis involves poring over charts to identify patterns or trends, fundamental analysis involves poring over economic data reports and news headlines.Fundamental analysis is a way of looking at the forex market by monitoring economic, social, and political forces that may affect currency prices.
Unlike technical analysis, which relies on historical price data and chart patterns, fundamental analysis looks at the broader economic picture to forecast currency price movements.
It involves analyzing a country’s economic indicators, central bank decisions, political events, and other fundamental factors to predict the future direction of a currency’s price.
Dec 10, 2024 at 11:23
• Gold prices rose for a second day in European trade due to weakened US 10-year treasury yields and high pricing
• Investors await mainline US inflation data for November to gauge inflationary pressures on Federal Reserve policymakers.
• Gold prices rose to $2676 an ounce, with a session-low at $2657
• US 10-year treasury yields fell 0.35% on Monday, extending losses for the fourth straight session and about to trespass the six-week barrier at 4.126%.
• The Fedwatch tool indicates the odds of a 0.25% Fed interest rate cut stand at 85% for December.
• China's People's Bank of China returned to purchasing gold in November after a six-month hiatus.
• Investors await mainline US inflation data for November to gauge inflationary pressures on Federal Reserve policymakers.
• Gold prices rose to $2676 an ounce, with a session-low at $2657
• US 10-year treasury yields fell 0.35% on Monday, extending losses for the fourth straight session and about to trespass the six-week barrier at 4.126%.
• The Fedwatch tool indicates the odds of a 0.25% Fed interest rate cut stand at 85% for December.
• China's People's Bank of China returned to purchasing gold in November after a six-month hiatus.
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