Primary knowledge
Already know what is the point difference, but it is unclear how the impact of non-farm payrolls data is the foreign exchange market it? From here, we reveal the economic data and the fundamentals of how to promote changes in the currency market.
Forex market is the most active trading hours
What time forex market open?
Although the foreign exchange market is open 24 hours, but at certain times the market will be more active and more likely to be profitable. The foreign exchange market is mainly
composed of three time zones: New York, London and Tokyo. These three market opening time
will always be overlap. US Eastern Standard Time, New York is open from 9:00 to 17:00,
London from 3:00 to 12:00, Tokyo is open from 19:00 to 4:00. Therefore, the market most
active period is 3 to 4:00 and from 8:00 to 12:00, as the two markets are overlapping. Moreover, when the London, Tokyo, New York overlapping development time, the market is usually the busiest.
Although the foreign exchange market is open 24 hours, but at certain times the market will be more active and more likely to be profitable. The foreign exchange market is mainly
composed of three time zones: New York, London and Tokyo. These three market opening time
will always be overlap. US Eastern Standard Time, New York is open from 9:00 to 17:00,
London from 3:00 to 12:00, Tokyo is open from 19:00 to 4:00. Therefore, the market most
active period is 3 to 4:00 and from 8:00 to 12:00, as the two markets are overlapping. Moreover, when the London, Tokyo, New York overlapping development time, the market is usually the busiest.
What time is the best time for forex trading?
Every Tuesday and Wednesday, more active trading Friday is usually the most gentle day. Are generally closed on Sundays and holidays, and do not propose to do a lot of trading around this time.
The most active currency pairs
London trading hours (03 am to 12:00 EST)
• GBP / CHF - average fluctuation range of 145 points
The most active currency pairs
London trading hours (03 am to 12:00 EST)
• GBP / CHF - average fluctuation range of 145 points
• GBP / JPY - average fluctuation range of 140 points
• USD / CHF - average fluctuation range of 115 points
• GBP / USD - the average fluctuation range of 110 points
• USD / CAD - average fluctuation range of 90 points
• EUR / USD - the average fluctuation range of 80 points
• USD / JPY - average fluctuation range of 75 points
New York trading hours (9:00 am to 5:00 pm EST)
New York trading hours (9:00 am to 5:00 pm EST)
• GBP / CHF - average fluctuation range of 130 points
• GBP / JPY - average fluctuation range of 120 points
• USD / CHF - average fluctuation range of 110 points
• GBP / USD - the average fluctuation range of 90 points
• USD / CAD - average fluctuation range of 80 points
• EUR / USD - the average fluctuation range of 75 points
Tokyo trading hours (19:00 am to 04 oclock EST)
• GBP / JPY - average fluctuation range of 110 points
• GBP / CHF - average fluctuation range of 90 points
• USD / JPY - average fluctuation range of 75 points
• USD / CHF - average fluctuation range of 65 points
• GBP / USD - the average fluctuation range of 60 points
• AUD / JPY - average fluctuation range of 55 points
Fundamental analysis
Fundamental analysis foundation
Fundamental analysis as an essential means to determine the future direction of investment. It is based on the use of various coefficients to the specified range, in order to determine a viable investment Economic Data Indicator. Fundamental analysis, price is the most important factor, the market price volatility is not immediately reflected in the market. The downside is the lack of real-time guidance of price changes.
Forex Market Report
Interest rate basis
Unlike most different markets, foreign exchange markets are affected by macroeconomic and geopolitical events affecting one of the most significant markets.
Unlike most different markets, foreign exchange markets are affected by macroeconomic and geopolitical events affecting one of the most significant markets.
Interest rates are part of the foreign exchange market, the classical model. The higher the interest rate, the greater the demand for the currency. So, when the central bank to raise interest rates, it is not usually a sign that they have confidence in the economic growth of the country, there will be more investors also marks the country currency holdings.
Why interest rates will affect the foreign exchange market
Central Bank interest rate changes is an important event. In fact, the media and investors have given great attention to interest rates, such adjustments, usually more than the actual economic consequences of exchange rate changes. Therefore, the direct economic consequences of changes in th
Central Bank interest rate changes is an important event. In fact, the media and investors have given great attention to interest rates, such adjustments, usually more than the actual economic consequences of exchange rate changes. Therefore, the direct economic consequences of changes in th
e central bank interest rate, is a combination of many investors and media attention, which makes changes in interest rates has become a particularly important factor affecting changes in the foreign exchange market.
Inflation is a relevant indicator. If a report shows, the pound suffered unexpectedly high inflation, real interest rates effectively promoted, so that currency devaluation. Sometimes, however, slightly higher than expected inflation may cause speculators that the central bank will be forced to raise interest rates. Therefore, in this case, it may actually help hold currency.
Inflation is a relevant indicator. If a report shows, the pound suffered unexpectedly high inflation, real interest rates effectively promoted, so that currency devaluation. Sometimes, however, slightly higher than expected inflation may cause speculators that the central bank will be forced to raise interest rates. Therefore, in this case, it may actually help hold currency.
Other factors that affect the forex market
US invasion of Iraq in 2003 is an example of the value of the dollar rose early in the war, widely believed the war would soon end. In addition, the victory will make the United States has more oil, therefore, a substantial increase in demand for the dollar. However, under the double impact of the war and the euro, it did not happen, resulting in a substantial decline in the dollar.
Most attention in the foreign exchange market economic data
1. The non-farm payrolls report
The first Friday of every month announced that it is a reflection of the extent of the health of the US economy the most important data.
Date: each month 8:30 (Friday).
Reporting agencies: Bureau of Labor Statistics, US Department of Labor (Bureau)
2. Consumer Price Index
CPI is broken down into core and non-core CPI CPI two main categories.
Date: about 20 per month, for the previous month data.
Date: 10:00 am (EST), the last Tuesday of each month in the reporting month report of the agency: Conference Board
4. Gross domestic product
GDP is a lagging statistics.
In general, GDP is higher, the more positive for the dollar. But it is not absolute.
The formula is:
C = private consumption
I = private investment
G = government spending
IM = imports of goods and services
Date: 8 times per year, ET at 14:00 of
Reporting agencies: the Federal Reserve System Board
Changes in interest rates and the dollar
Interest rates can be seen as the price of consumption. Fed raises interest rates, is to increase the price of consumption.
Best of both worlds
Despite what type of analysis would be better academic debate, but a good forex trader two methods will be combined to do the good aspects of judgment.
Who am I - a forex trader "identity"
The foreign exchange market in a variety of different trading ideas and strategies, as the saying is the eyes of the beholder wise see wisdom. Some people are good at the fundamentals of information to do transactions through, because he has good grasp of this information. Some people prefer to use technical means to do the deal, because they already have a good data acuity chart. Whether it is fundamental analysis or technical analysis, forex trading plethora of knowledge, but in the foreign exchange market, as long as it is appropriate to use this knowledge, you will have the power or profit.