hello everyone
i am a beginner in forex trading i start learning forex from babypips.com now i am practising in demo account last thuersday6th june after all the ecnomice event realeased GBP Asset Purchase Facility GBP Official Bank Rate USD Unemployment Claims after watch one hour when i seen nothing will happen in market i close my mt4 platform and go for another work,next day wen i open mt4 and see my charts than gbp\usd go up from 5410 to 5615 and i wonder how this will happen which thing i not analyzed this thing every time happen with me i never which is the action time when mkt have voltalite few days ago i was reading article which was related when you enter the mkt and he said in the article You need to analyze the market using technical indicators and/or fundamental economic criteria to find high probability trades to execute.and but i dont know he he said it macd,moving avarage stochestic, rsi ,problic sar will tell the what will happen in mkt and if we talk about fundamental analyze here i make a report on excel sheet where i seen in may and june bothe of the month economic data in gbp favour but in may2013 gbp/usd goes 500 pips down and in june form 1st june to till date gbp/usd goes 500 pips up so how it happens how i hav to analyzed i cant understand..
economic data may and june 2013
1.5.2013
GBP Manufacturing PMI 49.8
USD ADP Non-Farm Employment Change 119K
USD ISM Manufacturing PMI 50.7
2.5.2013
GBP Construction PMI 49.4
USD Trade Balance -38.8B
Unemployment Claims 324K
3.5.2013
USD Non-Farm Employment Change 165K
USD Unemployment Rate 7.50%
9.5.2013
GBP Manufacturing Production m/m 1.10%
Asset Purchase Facility 375B
Official Bank Rate 0.50%
Unemployment Claims 323K
13.5.2013
USD Core Retail Sales m/m -0.10%
USD Retail Sales m/m 0.10%
15.5.2013
GBp Claimant Count Change -7.3K
USD PPI m/m -0.70%
16.6.2013
USD Building Permits 1.02M
USD Core CPI m/m 0.10%
USD Unemployment Claims 360K
17.5.2013
Usd Prelim UoM Consumer Sentiment 83.7
21.5.2013
GBP CPI y/y 2.40%
22.5.2013
GBP MPC Meeting Minutes 0-0-9
GBP Retail Sales m/m -1.30%
USD Existing Home Sales 4.97M
23.5.2013
GBP German Flash Manufacturing PMI 0.30%
USD Unemployment Claims 340K
USD New Home Sales 454K
24.5.2013
USD Core Durable Goods Orders m/m 1.30%
28.5.2013
USD CB Consumer Confidence 76.2
30.5.2013
USD Prelim GDP q/q 2.40%
USD Unemployment Claims 354K
USD Pending Home Sales m/m 0.30%
3.6.2013
GBP Manufacturing PMI 51.3
USD ISM Manufacturing PMI 49
4.6.2013
GBP Construction PMI 50.8
USD Trade Balance -40.3
5.6.2013
GBP Services PMI 54.9
USD ADP Non-Farm Employment Change 135K
ISM Non-Manufacturing PMI 53.7
6.6.2013
GBP Asset Purchase Facility 375b
GBP Official Bank Rate 0.5
USD Unemployment Claims 346k
7.7.2013
USD Non-Farm Employment Change 175
USD Unemployment Rate 7.6