Disliked{quote} Clemmo could u plz share something that could help me understand gold fundamentals thank youIgnored
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Disliked{quote} Clemmo could u plz share something that could help me understand gold fundamentals thank youIgnored
Disliked{quote} hmm, gold fundamentals, eh? I can only suggest you find a guy on Seeking Alpha (and normally I would never recommend anything from that site) but his name is Taylor Dart. He's a guru on mining, gold stocks, etc. I wouldn't follow his equity trades, just the gold tips. The thing about (spot) gold is it's at least as wild and unpredictable as any other commodity. It can trend for ages and then suddenly churn for weeks. That's why gold stocks might be a little more reliable, maybe? I know some people really like trading gold because of its...Ignored
Leading Export Markets
1. Canada
2. Mexico
3. China
4. European Union
5. Japan
Despite this, Joe Biden said “America has 'no closer ally' than Australia”. Australia!
Leading Import Sources
1. China
2. Canada
3. Mexico
4. European Union
5. Japan
Source: US Trade.gov 2014
The Federal Reserve
To wit it uses these tools:
Important characteristics of the US dollar
It’s hard to get a good chart of this since the dollar moves in a much narrower range than the price of gold but I went ahead and made one myself. Gold in white bars, and DXY in black bars.
Well, after spending all morning with this I think it’s safe to say that I can submit my strategic plan of operations to my boss and get approval for going long USD. However since I am my own boss I will simply tell myself that it might be faster next time to look at a chart and do this:
Yup, that appears to be going up all right!
edit: since I wrote this the EURUSD has plunged, verifying my initial theory. I think it's a cinch we'll see 1.10 soon. If anyone wants me to make such stellar forecasts for them using fundamental data, please let me know.
Disliked{quote} ps. it looks like you're doing quite well in your demo accounts at least. Are you sure you need any help?Ignored
Monetary and Fiscal Policy Makers— Bank of England
Important Economic Indicators
Monetary and Fiscal Policy Makers— Swiss National Bank
Important characteristics of the Swiss Franc
Important Economic Indicators for Switzerland
Abenomics - print money!
Monetary policy Makers
Open Market Operations
Important characteristics of the JPY
This demands a quick check-over.
Important Economic Indicators
Characteristics of AUD
Important economic indicators
Characteristics of NZD
Economic Indicators
Characteristics of the loonie
Economic Indicators
I should note that where I’ve peppered this document with links to official sources around the internet, MQL5.com of all places has a very comprehensive and handy section about fundamentals and they do a good job of keeping it updated with all the main numbers and events.
https://www.metatrader5.com/en/termi...is/fundamental
But I have to wonder, with all this data handily available to everyone, compiled by a company that makes its living catering to brokers, how useful is any of this? It can’t be the secret to trading well or it wouldn’t be offered so readily. Would it?
The big question is how useful are all these economic assumptions and heuristics? I have no idea and since it’s hard to assign a pass/fail to any ‘relational analysis’ it’s hard to show fundamental analysis is wrong or doesn’t work.