Talking Points:
• The fundamental updates that are important in text books and to economists, aren't always key market drivers
• While data and event risk carries weight for the economy, what alters speculators' views moves markets
• We look at the difference between traditional and market-moving fundamentals between the BoE and NFPs
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Chief Strategist John Kicklighter discusses underlying considerations for developing a personal trading strategy. Fundamentals are a primary analysis type, but they can frequently confuse. The data that economics texts state are crucial for shaping growth and financial stability often generates little heat in the market. And, sometimes those events that don't even trace back to the underlying health of the economy can trigger massive volatility or catalyze a lasting trend. This disparity from the 'academic' view of fundamentals can frustrate traders to the point of swearing off the analysis altogether. However, there is a reason the textbook interpretations don't dictate markets. Speculators and market participants set price, not economists. We look at how to separate the practical from the impractical fundamental analysis in this webinar.
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