What is it? It checks the difference in value between imported and exported goods and services during the reported month.

Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? April 29th at 9:30pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.

 

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During the early trading session, Asian stocks were mostly higher as investors sentiment was boosted over expectations of higher returns on dividends. The Nikkei share average was up 0.38%, closing at 20,058 and the Hang Seng slightly up by 0.03%. The Yen traded with low volatility against the Dollar during early trade, as traders remain cautious following yesterday’s announcement on Japan’s credit rating. Fitch downgraded Japan’s credit rating to “A” following a review of the government’s fiscal year’s budget. According to Reuters, the budget failed to lay out reforms to delay a sales tax increase. Furthermore, market spectators are awaiting the FOMC meeting taking place tomorrow.

During the European session, the UK released the Gross Domestic Product for the previous year and first quarter showing lower than expected figures. Following the negative data, the British pound briefly retreated from a monthly high against the Dollar, however the pair is currently trading with Bullish sentiment as the USD weakens ahead of tomorrow’s FOMC meeting.

The Dollar is trading lower against a basket of major currencies as currency traders await the Fed’s monthly policy statement. A number of recent economic reports have shown disappointing figures for employment, Manufacturing and Home sales, indicating that the Central bank may further delay an interest rate hike. Furthermore, the U.S. released more negative data today showing that the CB Consumer Confidence for April measured at 95.2, lower than the expected figure of 102.5.

 

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In this series of articles we will talk about Technical Analysis. We will teach you everything you need to know about how to analyze the market so you can earn money from trading.

 

 

Today we start with our first lesson:

 

Techinical Analysis - Introduction

The methods used to analyze securities and make investment decisions fall into two very broad categories: fundamental analysis and technical analysis. Fundamental analysis involves analyzing the characteristics of a company in order to estimate its value. Technical analysis takes a completely different approach; it doesn't care one bit about the "value" of a company or a commodity. Technicians (sometimes called chartists) are only interested in the price movements in the market.

Despite all the fancy and exotic tools it employs, technical analysis really just studies supply and demand in a market in an attempt to determine what direction, or trend, will continue in the future. In other words, technical analysis attempts to understand the emotions in the market by studying the market itself, as opposed to its components. If you understand the benefits and limitations of technical analysis, it can give you a new set of tools or skills that will enable you to be a better trader or investor.

In this tutorial, we'll introduce you to the subject of technical analysis. It's a broad topic, so we'll just cover the basics, providing you with the foundation you'll need to understand more advanced concepts down the road.

 

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What is it? It checks the level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers.

It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

When? April 28th at 9:00pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.

 

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What is it? It checks the difference in value between imported and exported goods during the reported month.

Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? April 28th at 6:45pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.

 

Ask us about our FREE financial advice program: 

 

Other top stories:

6 Top Reasons Traders Fail - Why You Need Signals

All Your Brokers and Signals in 1 Place - Binary Trade Center

How I Made Over $30,000 a Year by Investing in Binary Options

 

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