Fundamental analysis

Discussion in 'Forex - Currencies Forums' started by radex78, Oct 2, 2015.

  1. radex78

    radex78 Senior Investor

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    Today will released news about Unemployment Claims for usd currency, if watch movement on pair gbpusdd today figure out bearish candle on daily timeframe until london session, but volume transaction seems not too much because body candlestick still in small body, maybe so many big trader also waiting on news high impact Unemployment Claims, which this is also as indicator fundamental and trader care with this news.
     
  2. radex78

    radex78 Senior Investor

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    Today market pair gbpusd still move on low movement that figure out on daily timeframe candle this pair on small body and not yet break high previous high daily, but today there are news for usd core retail sales and also producer price index, and retail sales, this news included in high impact news as indicator economy for usd, maybe many trader still waiting time news was released before they make decision.
     
  3. radex78

    radex78 Senior Investor

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    On friday market, there are news for usd, core retail sales, and producer price index and retail sales, before this news was released seems movement on pair gbpusd on low movement on range hourly timeframe,but after these news been released hence making pair gbpusd move uptrend suddenly break high, but seems effect news only for short time because after move rapidly then price rebound and move like as usual.
     
  4. anders

    anders Well-Known Member

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    If you're a day trader then fundamental analysis wont be much help much - after all, you have to close your position at the end of each trading day, so long term trends aren't as important as they might otherwise be.

    That said, if I were to actually buy stock in a company, fundamental analysis would be absolutely critical. Many people have made the mistake of not doing their homework and got punished for it later on.
     

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