Financial Report by Economic Calendar
Economic Calendar used by Investors as well as traders.
They 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).
and Consumer Price Index (CPI) and Purchasing Managers’ Index (PMI) So learn Economic Calendar.
Understanding of market trends by Economic Calendar
In less chaotic times, the earnings season is at the top of traders’ radar screens.
On Tuesday July 10, President Donald Trump’s administration released a list of proposed tariffs on $200bn worth of goods.
ranging from auto parts to food ingredients to construction material.
The S&P 500 futures rose 10 points or 0.40% as of 6:40 AM ET (11:40 GMT) while Dow futures gained 135 points, or 0.56%.
Meanwhile tech heavy Nasdaq 100 futures increased 26 points, or 0.39%.
U.S. futures rose on Friday after reports on progress in talks between the U.S. and China increased investor sentiment.
Economic news reagrding Stock – U.S Futures
“Nonetheless, we still interpret the story as another sign that a US-China trade deal is moving closer and markets probably do as well.”
Tesla (NASDAQ:TSLA) slumped nearly 8% in premarket trading after Chief Executive Elon Musk
said he was cutting the company’s workforce by 7% in order to lower operating costs.
In economic data, the Michigan Consumer Sentiment index is released at 10:00 AM ET (15:00 GMT).
New York Fed president John Williams (NYSE:WMB) and Philadelphia Fed chief Patrick Harker are also expected to speak on Friday.
Investors will watch closely to remarks for confirmation that the central bank will pause rate hikes at its next meeting on Jan. 29-30.
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 Calendar you must have to learn different Forex techniques
like Sentimental Analysis, Fundamental Analysis and Technical Analysis.