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VIDEO LESSONS

YOU CAN SEE THE TRADING RESULTS FROM PREVIOUS DAY HERE

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Jobless Claims, Initial Claims USD

Published on a weekly basis (every Thursday usually) the unemployment claims announcement measures the number of people that filled out unemployment forms for the very first time in the past week. The lower the number, the better it is for the US currency, once the number gets higher than the forecast the currency will suffer a negative effect. Also known as one of the first economic indicators, the base of the US economy is the man power (like every other economy). No jobs means – less income and more money spend on employment insurance. Understanding this announcement is more important than to trade it. It is an indicator for future bigger announcements.

Advance Retail Sales USD

The Retails Sales announcement measures the value difference of sales in the retail sector, including the car industry. It shows wide resolution information about what people spend money on! Which obviously affects the economic activity of the sector, once again we are talking about the USA but, every country has its own retail sales announcement, the impact though may not be as strong as the US announcement.Once announced the USD currency will get benefits if the result passes the forecast, otherwise the outcome will be negative for the currency. 

Retail Sales Ex Autos USD

The core retail sales announcement measures the difference in the total sales value with in the retail industry (excluding cars). It released on a monthly basis (usually two weeks after the beginning of the month) in the USA and affects mostly the USD currency (major pairs). Even though the car industry holds almost 20% of the US retail sales, their volatility prevents them from appearing in the Core Retail Sales announcement. Once announced the USD currency will get benefits if the result passes the forecast, otherwise the outcome will be negative for the currency.

A financial announcement is a public issued report that is provided by a government institute, a major bank or a financial body. A financial announcement can also be held by a big public company or cooperative.  The financial announcement provides numbers and conclusions regarding a certain event that was analysed for that specific announcement. Financial announcements can be weekly, monthly, quarterly or yearly. Each financial announcement has its own markets which it influences. Each announcement has a different impact on the market impact scale. For traders the financial announcements are an important fundamental tool to determent direction of market movement, combined with the impact of the announcement on that market. Before the announcement is released we will see a forecast made by major institute’s analysts for that specific event, which will become a point of designation/origin for the actual announcement and the market behaviour afterwards.

17

Feb

When you start trading you need to develop a strategy.