Economic situation; Political factors; Military dynamics; Government and central bank policies; Market psychology; Speculative transactions; An emergency.
Among these influencing factors of foreign exchange trading, economic form is the most important: it mainly includes the analysis of economic situation and economic indicators.
Economic form: the economic situation can reflect the economic situation of a country, and the economic situation of a country also reflects the investment enthusiasm, thus showing the market value of its currency and the flow of international funds. The economic pattern directly reflects the country's economic indicators. The market exchange rate changes with the country's economic situation. Secondly, the situation of the world economy, such as oil price, stock market, bonds, gold, commodity market, real estate and so on.
Economic indicators: Economic indicators are the results of a survey of a country's economic development. Different economic indicators have different degrees of influence. The greater the economic situation, the more valuable the economic indicators are and the greater the impact.
In the process of foreign exchange trading, it is enough to analyze the fundamentals mainly around these factors, but the final investment conclusion cannot be drawn completely based on these factors, which needs comprehensive technical analysis to determine.
Fundamental analysis daquan
Fundamental analysis refers to studying the basic aspects that affect the value of money to predict the market trend. The publication of major economic data often brings fluctuations in the foreign exchange market. For beginners in foreign exchange investment, I suggest you be very careful in the data market.
The influence of market expectations on prices is often greater than the actual data. Therefore, investors need to pay close attention to the expected value and be alert to any inconsistency that may lead to market fluctuations.
It is usually revised after the data is published. Paying attention to the similarities and differences between the comparison and the previous period can help you analyze the future data accurately.
Understand the value of basic data. It can usually be used to identify buying and selling signals.
According to the impact on the exchange rate, we divide important economic data into three categories:
The most important data is:
1, non-farm employment data and unemployment rate:
Last month's information is published on Friday of the first week of each month.
It is a barometer of a country's macroeconomic development. The decrease of unemployment rate and the increase of non-agricultural employment population indicate that the economy is improving and interest rates may rise, which is beneficial to the US dollar. On the contrary, it is not good for the dollar.
2. Trade balance:
Information two months ago is released on Thursday of the second week of each month.
It reflects the income and expenditure of the country's total foreign trade in a period of time. The inflow of trade currency MINUS the outflow is a positive trade surplus and a negative trade deficit. If the trade deficit widens, it reflects that the amount of imports exceeds exports is expanding, indicating that American goods are not as attractive as foreign goods, and American policymakers are likely to take action to devalue the dollar to improve the trade deficit, which is not good for the dollar. On the contrary, the decline in the trade deficit is beneficial to the dollar. In some countries, if the trade balance is a surplus, the increase of the surplus is conducive to the strength of the country's currency.
3. Gross domestic product:
At the end of 1, 4, 7 and 10 every year, the initial value of the previous quarter is published, and the revised value is published twice in the next two months.
GDP represents all economic activities of a country, no matter who owns production assets. For example, if a foreign company sets up a subsidiary in the United States, even if its profits are remitted to the parent company of other countries, its profits are still part of the GDP of the United States.