Financial Report by Economic Calendar
Investors will research the date and time of a specific event and pay close attention to the announcement because of the high probability that it will affect the direction of the market.Traders in the foreign exchange market pay close attention to global events by using an economic calendar.
By having the release schedule for each economic indicator, a trader can anticipate when major movements will happen. The most influential events include interest rate decisions, non-farm payroll numbers, and changes in gross domestic product (GDP), Consumer Price Index (CPI) and Purchasing Managers’ Index (PMI) So learn Economic Calendar
1. Understanding of market trends by Economic Calendar
In less chaotic times, the earnings season is at the top of traders’ radar screens. But macroeconomic concerns, Mideast and Russian tensions, plus the botched Ebola response adds to the crisis of confidence – the worst since the European sovereign debt meltdown had investors running for the exits in 2012.
As economist Ed Yardeni notes, a calm, sober look at market trends is helpful. The S&P 500 index is down 5.2% since its record high on September 18, and up 3.1% year to date.
This is the first dip that has retested the index’s 200-day moving average since late 2012. The index stayed above its 200-day moving average for an historic 475 days. That was fun, right?
2. Watch the transports, other anomalies by Economic Calendar
Even though oil is in free-fall, in a record drop, the S&P 500 Transportation index is down 7.6% from its September 18 record high, just 2.1% above its 200-day moving average, and up 8.7% year to date. That’s not a whopper of a performance, the transports should be up more, given the oil plunge lowers fuel costs.
This signals more weakness ahead. Same for the defense sector. It’s flat, even though geopolitical tensions are on the rise.
A cursory read says this is likely due to defense budget cuts around the world, which could do a 180 if conflicts break out. But watch out, defense contractors are major manufacturers, they make other things besides military hardware and software that companies use.
So if you are going to trade in Forex as well as in Stock Market then you have to see Political, Economical and Financial information from above Economic Calendar and keep something in your mind that everything is not Economic Calender you must have to learn different Forex techniques like Sentimental Analysis, Fundamental Analysis and Technical Analysis.