Hopefully not repost,
Dear fellow piphunter, Greeting.
I am newbie in the world of investor graveyard, forex. So far I have learnt, most forex guide source explain much much about technical indicator, chart pattern, divergences, and so on (this site is one of the exception), but very little about fundamental, very.
I think this is makes sense, since fundamental aspect could not be numbered or quantified, and the interpretation itself is very subjective due to various trader.
In line with this situation, I wonder how a news or series of news affecting the market? and how long it lasting?
of course, the answer is DEPEND! Depend on the characteristic of choosen pair.
babypips in school of pipsology, section fundamental analysis tells us that the AUD news which must be considered strictly is RBA rate exchange, unemployment, GDP, and may be gold price,
the question,
When these news move the market? at the same instant which is released? A few minutes after released? or milisecond? or one day? or may be before it released?
and, not less important,
How far these news drag the market? how long it last? 3 days? A quarter hour?
May be dear trader here have some clue?
hopefully
Thanks a microlot
The news may affect the market at the time of release,after the release and even before the time of release.(uncertainty)
It depends upon the type of news.For example,tier-1 news releases like Aussie unemployment rate tends to move the market for a long time while there are other news releases which just cause a tiny spike in the currency pair.
Forex is an uncertain market and you can never be 100% sure what would happen but with the passage of time and experience i believe you would be able to get all of your answers.
Thx JJ,
U may be right, time and experience, will sharpen our skill as a trader, but you also give some good clue, I think. Unemployment is one of lagging economic indicator (another example is GDP), and it tightly close with RBA goal, thus, it has heavy impact in market price.
Thanks,
Thx JJ,
U may be right, time and experience, will sharpen our skill as a trader, but you also give some good clue, I think. Unemployment is one of lagging economic indicator (another example is GDP), and it tightly close with RBA goal, thus, it has heavy impact in market price.
Thanks,
Yes you are right,it is closely watched by RBA for their monitory policy thus it usually has heavy impact on the AUD price action but remember there’s nothing more difficult than trading the news in the forex.Some traders say that it’s sort of gambling.