hello men women and kids i mean traders. in my previous article you was learned candlestick pattern indicator and here i am going to share something great.
As a trader in the Forex market, you learn that economic reports can have a major impact on the value of currencies and their behavior in the market. An important start can increase volatility and push a particular currency pair in one direction. That’s why almost every forex expert usually suggests that traders follow what they call economic indicators.
Every week, dozens of indicators are published. For decades, only economists and professionals had access to this information. But today everyone can access all the reports. In fact, you will find that most online forex brokers use their clients with an economic schedule that they can see directly on the trading platform.
These economic indicators can have a major impact on exchange rates. Here we will discuss some of the main announcements that usually have a significant impact on the value of currency units. It should be noted that most economic documents show special symbols indicating whether the introduction will have a weak or strong impact on the market. Something like the American non-farm payroll. UU. For example, it is marked high because it is the kind of news that can shake the coins at its core.
There are dozens of economic indicators. We will begin with the US report on unemployment claims. UU This weekly publication shows the number of claimants for the first time. The numbers are seasonally adjusted, with some parts of the year being overloaded. An example would be the end of the annual vacation. This announcement receives a lot of press attention because it represents the health of the country’s economy. History has shown that employed people spend more; If that happens, we will see a much larger gross domestic product. In general, the market reacts strongly to the numbers, especially if they show that the economy is gaining or losing momentum.
you can learn candlestick pattern along with this information.