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A question for you fundamental traders. 1 reply

Fundamental or Techincal

  • #1
  • First Post: Feb 3, 2006 9:43am Feb 3, 2006 9:43am
"The headline payroll report was weaker than expected with a 193,000 increase, but the data for the previous 2 months was revised up. The unemployment rate also fell to 4.7% and there was a 0.4% increase in earnings. This will maintain speculation over further Fed interest rates, but much of this has been discounted. There is now the increased risk of a move to 1.1950, but major caution is required below 1.1970 given the threat of a reversal."

Analysis supplied by FXToday


I see this kind of analysis of headlines and news reports often. The question I have is about the price points that are included in the report. I've never really paid any attention to them in terms of my trading, so this is more of a curiosity question than anything.

Are they giving those price levels based upon TA or an estimated impact the news will have on the price?


Thanks,

Jonathan
  • #2
  • Last Post: Feb 25, 2006 3:38am Feb 25, 2006 3:38am
Quoting jbamaj
"The headline payroll report was weaker than expected with a 193,000 increase, but the data for the previous 2 months was revised up. The unemployment rate also fell to 4.7% and there was a 0.4% increase in earnings. This will maintain speculation over further Fed interest rates, but much of this has been discounted. There is now the increased risk of a move to 1.1950, but major caution is required below 1.1970 given the threat of a reversal."

Analysis supplied by FXToday


I see this kind of analysis of headlines and news reports often. The question I have is about the price points that are included in the report. I've never really paid any attention to them in terms of my trading, so this is more of a curiosity question than anything.

Are they giving those price levels based upon TA or an estimated impact the news will have on the price?


Thanks,

Jonathan
When you understand economics and can make decisions in few seconds it is very simple method of trading. Just waiting for main announcements . You can check for it in forexstreet.com and wait for that event. It is great if you have reuters on. In the first moment you will see that the movement is going against you (it is usually movement) in few seconds/minutes it go in right direction.
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