Hi guys
still a newbie to forex, and I m finding I have a hard time with the fundamentals...
once again I m not talking about trading using news...I m talking about understanding how fundamentals affect the general trend for weeks, months, etc.
there are only a couple of things that seem important, interest rate, unemployment, retail sales, NFP, and inflation...but its hard for me to determine how a specific data will affect the currency...
many times when a certain econ data comes out, it doesn't really affect the main trend of the currency...so I ask how do I connect such info like NFP, retail sales, etc with the long term effect of the currency thanks?
still a newbie to forex, and I m finding I have a hard time with the fundamentals...
once again I m not talking about trading using news...I m talking about understanding how fundamentals affect the general trend for weeks, months, etc.
there are only a couple of things that seem important, interest rate, unemployment, retail sales, NFP, and inflation...but its hard for me to determine how a specific data will affect the currency...
many times when a certain econ data comes out, it doesn't really affect the main trend of the currency...so I ask how do I connect such info like NFP, retail sales, etc with the long term effect of the currency thanks?