How to use fundamental tools to enter and exit the market
There are two main schools of Forex analysis: mathematical calculations also known as fundamental analysis and technical analysis which includes reading the charts.
There’s no doubt that many fundamental factors manipulate currency prices.
On Wednesday, March 6th at 12 noon GMT during the webinar together with Graham Osano you’ll learn the role played by fundamental events such as:
central bank meetings;
headline news/ speeches,
interest rate decision;
inflation data in price movements.
Take part in the webinar and learn how to use fundamental tools to enter and exit the markets successfully!
You may ask FreshForex analyst any questions about market situation or discuss the latest analytical news on the webinars.
To take part in the webinar use this link and log in. You can also see all the previous webinars here.
2 reasons to earn this week: ECB rate decision and Nonfarm Payrolls
This week there are two key economic events that are likely to cause volatility in market!
European Central Bank meeting
On March 7th at 12.45 noon GMT European Central Bank meeting will be held to decide on interest rate. Leading FreshForex analyst tells what to expect from the ECB meeting:
"Weak economy of the eurozone is likely to force ECB to lower the GDP and inflation forecasts. On Thursday consider buying #DAX30, #CAC40, #ESTX50 and selling EURASD, EURCAD."
February Non-farm Payrolls
On March 8th at 1.30pm GMT Nonfarm Payrolls is to be released. This report shows changes in number of people employed in USA non-farm sector. Total number of employed in this sector is about 80% of workers producing USA GDP.
That is why NFP offers the best economics review and causes high volatility in markets!
Leading FreshForex analyst tells what to expect from the NFP release:
"Growth of employment in services sector signals that release is likely to be above the mid-point. On Friday consider buying #SP500, #Boeing, #Facebook, #Exxon."
Prepare for volatile market in advance and increase your deposit with Deposit Bonus 200%!
Silver and Canadian dollar — most profitable March assets
We would like to share a February report of the best trading results and the most volatile assets. Check this out and reach new trading heights!
$15 552 is the most profitable February trade: it was long EURUSD position of 20 lots, order was in market 3 days.
3 067% is the biggest increase in funds within the month, the client achieved such a result by trading cross rates.
3 857 trades made the most active trader. The client focused on trading stock indexes.
$127 236 is the best total trading result of February! The client traded major currency pairs and Sberbank shares without using Expert Advisors.
71% of all the February trades were profitable.
54% clients with deposits larger than $10 000 closed this month with profit.
The Most Interesting Assets
XAUUSD and XAGUSD — China-United States trade war is coming to an end, and it puts pressure on “safe assets”. The assets show strong downtrend: From the beginning of March a XAUUSD trade of 1.94 lots could have brought $5 449 of profit, a XAGUSD trade of 3.32 lots could have brought $8 455 of profit.
USDCAD — is a perfect asset for traders who use trend technical indicators! ADX confidently predicted the uptrend coming. Potential profit for a trade of 5.00 lots during the first week of March would be $7 665.
#FTSE100, #CAC40, #ESTX50 — Since the beginning of the year, European stock indexes have been showing the strong growth due to reluctance of the ECB and the Bank of England to raise interest rates. So traders could earn good money: a BUY trade for #FTSE100 of 2.64 lots could have brought $3 691 of profit, a BUY trade for #CAC40 of 4.19 lots — $2 276, a BUY trade for #ESTX50 of 6.66 lots — $481.