Forex Trading Luganda Master Class Episode 56 | MENTOREDTRADER

MANUFACTURING DATA:
This is a strong indicator for industrialized countries.
It is Bullish if the No’s are higher than expected, and Bearish if the No’s are
lower than expected


THE CONSUMER PRICE INDEX:
(CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

A higher than expected reading should be taken as positive/bullish for the Currency Index while a lower than expected reading should be taken as negative/bearish for the Currency Index

EMPLOYMENT DATA:
Higher employment No’s will be Bullish for that currency as lower employment will be Bearish for a currency. Inflation and consumer
confidence, higher inflation and higher consumer confidence is a positive economic signal and therefore has a Bullish effect on a currency. Yet again, weaker
Inflation and consumer confidence is a Bearish signal for a currency

LOWER INTEREST RATE:
—Cause a currency to de-value, there is less investment, due to the lower rate of return. Interest rates drive the flow of money,
which is the very back bone of the FX markets

GDP:
GDP (Gross domestic product) — Considered more of a lagging indicator,
but of course a higher GDP encourages bullish price action. The lower the GDP,
the more bearish. So, your first job as an FX trader before even opening your
charts will be to look each day at the economic calendar to see what fundamental announcements could affect the markets and the currency pairs you are
looking to trade

DISCLAIMER:
Commodity Futures Trading Commission Futures
and Options trading has large potential rewards,
but also large potential risk. You must be aware of the risks
and be willing to accept them in order to invest in the futures
and options markets. Don't trade with money you can't afford to lose.

This is neither a solicitation nor an offer to Buy/Sell futures,
stocks or options on the same. No representation is being made
that any account will or is likely to achieve profits or losses similar
to those discussed on this YouTube Channel.

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