Fundamental Analysis Based on the Macroeconomic Calendar for PAMM Trader

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A forex trader, especially a PAMM trader must be an expert of both fundamental and technical analysis. Eventhough there are some traders who tend to follow technical analysis more, and ignore the fundamental one, but the biggest forex value movement is really influenced by the fundamental analysis. And the fundamental analysis is really influenced by the economic condition of a particular country which is reflected in the macroeconomic calendar. If you want to be a succesful PAMM trader, you must deeply learn about this.

What is a macroeconomic calendar? It is an economy statistic data released periodically by a particular country. This indicator presents the country’s performance picture and really influence the forex market movement. You will need this statistical monitoring tool to give you reference about the direction of the forex movement. Below are some macroeconomic calendars that influence the market movement :

1. Economy Growth Data
GDP (Gross Domestic Product) is a total value of products and services produced by a particular country in certain period. The influencing factors are :
 Trade Balance which is a difference value between export and import of certain product and service in a particular country within a period of time.
 Employees Data such as :
 NFP (Non Farm Payroll) : a number of new employees from a non-farming sector who work as full timers or part timers and receive their salary from more than five hundred private and public companies.
 Unemploymet Claim : an indicator to count numbers of people who failed getting their first unemployment insurance until last week.
 Unemployment Rate : a percentage of people who actively seeking for jobs but remain unemployed.

2. The Interest Rate News, such as :
 IRD (Interest Rate Decision)
 FOMC (Federal Open Market Commitee)
 FFR (Federal Fund Rates)

3. The Inflation Data
 CPI (Consumer Price Index) which measures the average price changing paid by consumer to a particular group of products and service.
 PPI (Producer Price Index), which measures the level of inflation from some products bought by producers or manufactures.

4. Data Survey
 Consumer Confidence, which measures the level of consumer’s optimism to the economic performance.
 PMI (Purchasing Manager’s Index), is the combine index from five main indicators which are : order, availability level, production, delivery and employee.

5. Housing Data
 Building Permit : the indicator to measure the growth of housing constraction sector.
 Building Approval : the indicator to measure the growth of new houses in particular country.
 New Home Sales : the indicator to count new sold houses last month.

There are still many macroeconomic calendar indicators that must be considered to analyze the market direction. We must ensure if those datas have a high, medium, or low impact to the economy.

Happy Investing !