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Fundamental Analysis
I am looking for a list of Fundamental Data that can be effectively used to study the strengths / wekanesses of the major currencies. There is a lot of Fundamental Data floating around on scores of websites related to the forex.
What I am looking for is concise list, which could be (as far as possible) standardised for most actively traded currencies. I am particularly interesed in USD, JPY, EUR, CAD, AUD, NZD and GBP fundamental indicators as I trade only these currencies.
I am a relatively new trader.
Does anyone on the forum have any experience with how to do this and what are the important fundamental data for each of the above mentioned economies that could be put into an excel spreasheet for studies and updated during the course of the month.
Is this the correct way to conduct fundamental analysis? OR is there a better way?
Tags:forex-currency
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I keep fxstreet.com on my screen always. If you click on the "Fundamental" tab, it brings you to a economic calendar across all of the majors. What's neat about this feature, is it gives you the previous number, the concensus, and if you click on a line item, it drops down and provides you with historical data related to that item. It also gives you a link to the website that provides the data (ie Dept of Labor for employment numbers) so that you can drill down even more.
Good luck
That seems like a significant amount of analysis to do for each country, let alone how that relates to the other countries you trade. It might be easier to break it down into groups to start with. AUD, CAD, and NZD are commodity exporting countries so all that would be required is to find out which commodities each exports and focus on that aspect. The EUR, GBP, and JPY trade largely based on interest rate differentials and other macroeconomic news events such as unemployment and cpi. Lately, most of the movement in these pairs has been solely on the relative health of the U.S. economy. The main thing to ask yourself is if you have the personality to accept the risk and time horizon that it usually takes to be a fundamental trader. The Economist has a section in the back of each magazine that covers all sorts of economic data from countries around the globe. Economist.com then click on "This weeks print edition" and you'll find a link to lots of economic data. Good luck.
there are sites which offer fundamental news....but I'm not sure how to apply the reports to the charts. I am strictly a techincal trader who is quite successful in trading what I "see" and not what I "think"....
Please come back & let us know if you have found anything that will help your strategy. :yup:
