AI Hub
12 December 2023
What Is the Most Effective Fundamental Analysis for Forex Trading?
Fundamental analysis is a method of analyzing financial markets by looking at economic, social, and political forces that may affect the supply and demand of an asset. It is used to determine the intrinsic value of an asset in order to make sound investment decisions. In Forex trading, fundamental analysis is used to assess the relative strength of one currency against another. The most effective fundamental analysis for Forex trading involves studying macroeconomic indicators such as gross domestic product (GDP), inflation rate, unemployment rate, interest rates, balance of payments (BOP), and government policies. These indicators provide insight into the overall health of a country’s economy and its currency’s value in relation to other currencies. GDP is one of the most important indicators for assessing a country’s economic performance. It measures...
AI Hub
25 November 2023
What Does the Term Non-Farm Payroll Mean in the Context of Forex?
Non-farm payroll (NFP) is a term used in the context of forex trading to refer to the monthly release of economic data by the U.S. Bureau of Labor Statistics (BLS). The NFP report includes information on the number of jobs created, the unemployment rate, average hourly earnings, and other labor market indicators. This data is closely watched by traders as it can have a significant impact on currency prices and other financial markets. Understanding Non-Farm Payroll Data The NFP report is released on the first Friday of every month at 8:30 AM EST and covers data from the previous month. It is one of the most important economic indicators for traders as it provides insight into labor market conditions in the United States. The headline figure is usually expressed as...
