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Showing posts from March, 2019

Forex Insights 26-March-2019

Best Forex Signals and Insights from Equidious Research USDJPY Analysts explained that USD/JPY has eroded the 55-day ma and the 2-month uptrend at 110.25/33 USD/JPY is currently trading at 110 the figure, trading between a range of 110.24 and 109.70. Japanese yen near six-week highs on global growth fears and moved for its biggest gain since January as safe-haven buying propelled the currency. USD/JPY attempts the retrace the sharp decline following the Federal Reserve meeting, with the pickup in volatility spurring a more material shift in FX sentiment, but recent price action raises the risk for a further decline in the dollar-yen exchange rate as it extends the series of lower highs & lows from the previous week. EURUSD Euro firmed on Monday as a stronger-than-forecast German business confidence survey allayed some fears about a recession and pulled the safe-haven yen from a 6-week high against the dollar. Euro gets a boost as IFO survey data beats forecast EURJ

How Macro-Economics Affects Forex?

As the prefix “macro” in the name suggests, macroeconomics deals with the bigger picture. It is not only one specific economy that traders consider, but the implications in the overall global picture.  Forex market is primarily driven by overarching macroeconomic factors. These factors influence a trader's decisions and ultimately determine the value of a currency at any given point in time. GDP- Gross Domestic Product This is the measurement for goods and services that were finished over a period of time. GDP may be the most obvious economic report, as it is the baseline of a country's economic performance and strength.  The GDP is broken down into 4 categories: Business Spending Government Spending Private Consumption Total Net Exports Inflation Inflation is also a very important indicator, as it sends a signal of increasing price levels and falling purchasing power.  This is the measure of increases or decreases in pricing levels over a period of time. Due t