Foreign exchange market have the rotation about more than 2 billion U.S Dollar in every day, is the biggest finance market in the world. This value is about 3 times from United States Stock Exchange Alliance or about 5300 times from Jakarta Stock Exchange in every day. By the large value market, and also very dynamic movement, sometimes people ask the question what cause foreign currency market moving so dynamic, volatile repeatedly, with the rotation non stopping 24 hours in a day.
In summarized, can be told that any movement market will be influenced by demand and supply in market. So that way with this foreign currency market, sometimes demand and supply factors will be reacting to news or economic data.
In the world of foreign exchange movement, therefore US. Dollar is the dominant market over. As a country with the biggest economics in the world and Dollar become couple rate about 90 % from world currency, so it is nature that U.S Dollar movement will be influencing many others currency. Thereby, economics data U.S too important to keep corrected because it will be determining demand and supply level and foreign currency market finally.
Economics Data U.S usually released on correct schedule in every month, with to keep accurate data before released timely. That data is fundamental factors that will influenced market. By many in research institution , or news (like Bloomberg, CNBC, Reuters, and others). Sometimes have been predicted through consensus many economic expert before released by Government Institutions officially. Foreign Exchange market sometimes begins moving before official data released that have related to forecast data or prediction.
While among many economics data U.S which estimating just have strong influence to U.S Dollar fluctuation, and therefore, foreign exchange in global? Through many experience in foreign currency market and research in many private institution foreign exchange, therefore many data that corrected to read because of large influence to market is :
No Economics Indicator Explanation
1 Non-Farm Payrolls Describe about the numbers of new labour additions into formal sector (non-farm sector). Increase of labour addition usually have positive influence to U.S Dollar.
2 Interest Rates Decision represent from The Fed or The Federal Open Market (FOMC), to interest rates, increased or fixed generally. Interest rates increase decision will strengthen U.S Dollar.
3 Trade Balance Data from (deficit) U.S Trade Balance. It deficit increase will badness influential to U.S Dollar.
4 Inflation (CPI) Data represent about U.S inflation level, especially from consumer (Consumer Price Index). That data to indicate inflation increase will strengthen U.S Dollar through market expectation that The Fed will raise interest rates to against this inflation.
5 Retail Sales Data about U.S retailing. It addition will affected strengthen to U.S Dollar.
6 Foreign Purchases of US Treasures (TIC) This data shown U.S treasures by foreign investor. Addition this treasures will affected strengthen to U.S Dollar.
7 ISM Manufacturing Institute for Supply Management - Manufacturing, United index which shown U.S performance manufacturing from demand and supply side.
Increasing this data will positive affecting to U.S Dollar.
8 PPI This data represent inflation level in U.S from seller side. Like CPI, inflation increase indicator will answered by bullish sentiment for U.S Dollar.
9 Personal Consumption This data represent public consumption expenditure. It increase tend to affected strengthen to U.S Dollar.
10 Durable Goods This data describe demand level for durable goods. It increase usually positive affected to U.S Dollar.
If you want to know more information about fundamental analyze containing economic data history, click the calendar and the prediction, try to visit at www.forexfactory.com; www.bloomberg.com; www.forexnews.com; and www.reuters.com
Despitefully on website, you can conduct simulation on trading without having to put into a number of funds. This simulation is represent as practice on foreign exchange trading.
By: Helmi Nugroho Ariansyah
Foreign Exchange Analyst
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