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Non-Farm Employment Change is one of the most important USD-related news and has a great impact on the Forex market. There are two things Forex traders want: Volatility, and indications to trade. The Non-Farm Employment Change Report provides both of these almost every single month. A rise in Non-Farm Employment will typically translate into a rise in the value of the US Dollar. A Non-Farm Employment change press release that is substantially higher than previous month will generate long-term trade or buy signals in the Forex market for USD-related pairings.

Also known as: Pending Resales Release Date: Monthly, 28 days after month-end. It tracks the change in the homes currently contracted to be sold, but are awaiting the closing transaction. This does not include new constructions. Since the housing market is a sensitive factor in the US economy, it causes some uncertainty in the USD. There are a number of economic health factors that stem from a home being sold, such as mortgages, renovations, real-estate fees, and so on. Also known as: Philadelphia Fed Business Outlook Survey Release Date: Monthly, on the third Thursday of the month.

The survey is a gauge of regional manufacturing expansion. When the index is above zero, it indicates factory-sector expansion; when it is below zero, it indicates factory-sector contraction.

Despite the fact that the Survey only polls manufacturers in a small portion of the United States, it can be a useful predictor of economic and business activity around the nation. Since manufacturing is so important to overall economic growth, the health of the sector is an indicator of the health of the overall economy, and the Philadelphia Fed Survey could provide early warning signs of problems in the regional sector, and therefore the overall U.

Acronyms: — PPI: Producer Price Index Also known as: Finished Goods PPI; Wholesale Prices; PPI for Final Demand Release Date: Monthly, 13 days after month-end. The reading reflects the monthly shift in the average price of a predetermined basket of products purchased by producers.

PPI depicts the inflation picture from a different angle than CPI. While changes in consumer prices are significant to customers, monitoring PPI helps one to determine the cause of CPI changes. If, for example, CPI rises much faster than PPI, this could mean that factors other than inflation are forcing retailers to raise their prices.

However, if both the CPI and the PPI rise at the same time, retailers can simply be attempting to preserve their operating margins. Acronyms: — GDP: Gross Domestic Product Also known as: GDP Second Release Release Date: Quarterly, 60 days after quarter-end. The gross domestic product report, like every other piece of significant economic data, carries a lot of weight for currency traders.

It shows development in a productive economy while signalling contraction in a declining one. As a result, currency traders will appear to pursue higher GDP or growth rates in the hope that interest rates will follow suit. When an economy expands at a reasonable pace, the benefits flow down to the customer, raising the probability of investment and expansion.

In exchange, higher spending leads to higher costs, which central banks aim to regulate by raising interest rates. Acronyms: — UoM: University of Michigan Release Date: Monthly, around the middle of the month. Every month, the University of Michigan surveys approximately households on their views and attitudes toward their own personal economic circumstances, the overall economy, and the idea of making major household purchases at this time.

Consumer spending has an effect on supply and demand. More investment can boost the economy, while less spending can stifle it. Spending can have an effect on corporate income, corporate investments, jobs, and other factors, all of which can have an impact on the larger market and economy. It is a feedback loop, and whether it is positive or negative is determined by emotion. The consumer sentiment index, as a leading indicator, may provide some insight into how people will spend in the near future based on their optimism or pessimism about the economy.

There are a number of scheduled events that the President of the United States will typically speak at, such as the State of the Union address. However, there can be a number of sporadic press conferences and the like all throughout the year.

Depending on the subject matter in question, these can have a drastic effect on the markets as they can affect things like consumer sentiment or investor confidence.

Their rhetoric or worldview may change sentiment when comparing one currency to another. Political parties mostly support elected leaders in the United States.

These groups — associations of politicians, candidates for elected office, and their supporters — pick and help the representatives they want to represent them in elections. In the United States, there are two main political parties that hold the majority of elected positions: The Republicans and the Democrats. Other parties can play a role in an election, but for the past years, all U. presidents have come from one of the two major parties. With expected movements across currency pairs, indices, and commodities, the run-up to the election could present trading opportunities.

Such uncertainty is also expected to last until at least January of the following year. Also known as: Advance Retail Sales Release Date: Monthly, 16 days after month-end.

Nearly half of personal consumption is made up exclusively by retail sales. Consequently, retail sales account for nearly one-third of GDP in terms of direct economic activity.

The percentage rises and falls often reflect how rapidly the economy is shrinking or expanding. Retail sales that are extremely high or extremely weak may also place upward or downward pressure on prices. As retail sales increase, upward pressure on prices can grow, particularly if sales figures continue to rise month after month.

The same is true when sales are extremely low, placing downward pressure on prices as customers spend less, and again when sales are extremely low over an extended period of time. Also known as: International Trade in Goods and Services Release Date: Monthly, 35 days after month-end.

The official term for net exports in the current account is the Trade Balance. The result of this is a decrease in demand for the currency, and therefore a weakening in its overall value. The United States Treasury Secretary makes regular speeches, however only the ones that might have a direct impact on the financial markets will be listed with the Forex Factory Economic Calendar. These speeches are often used to communicate those shifts to both the public as well as foreign governments.

Also known as: Jobless Claims; Initial Claims Release Date: Weekly, first Thursday after week-end. Jobless claims are considered a lagging indicator, which means that the indicator changes only as the economy changes and is expressed in the figures. It triggers a lot of market uncertainty after each release because this knowledge alone affects economic stability, monetary policy, and interest rates in the upcoming decision making by the banks.

If the initial jobless claims are too high, the government attempts to boost the struggling economy by generating employment and introducing tax-free schemes for the unemployed. In the United States, the Federal Reserve would lower the Federal Funds Rate, thus loosening monetary policy. If this fails to stimulate the economy, the federal government will implement monetary policy initiatives, recruit workers for public works programmers, and attempt to stimulate demand through tax breaks.

Lower-than-expected figures usually result in more jobs earning wages and higher consumption spending. This will result in inflationary pressure, which causes interest rates to increase. High levels of unemployment resulted in lower wages, decreased economic activity, and decreased consumption. However, a decrease in initial jobless claims is a hopeful sign and could push the currency upward.

The initial jobless claims are extremely important to forex traders because they are very effective in predicting how monetary policy will respond to Labour market conditions. Monetary policy changes, or a lack thereof, may often cause the value of a currency to rise or fall.

Though it may be considered a meaningless number at times, there is no denying that the initial jobless claims can have an effect on currency prices. Also known as: Jobless Rate Release Date: Monthly, on the first Friday of the new month.

The unemployment rate is the proportion of the work force that is unemployed. It is a lagging indicator, which means that it rises and falls in response to changing economic conditions rather than predicting them. When the economy is in bad shape and work opportunities are scarce, the unemployment rate is likely to increase. It can be expected to fall as the economy is expanding at a healthy pace and jobs are abundant. A high unemployment rate indicates that the economy is unable to provide enough jobs for those looking for work.

High unemployment not only exacerbates social problems and prolongs family misery, but it also makes the country less appealing to foreign investors, reducing investment funds coming into the country. Acronyms: — CPI: Consumer Price Index Release Date: Monthly, on the last business day of the month. This is due to the fact that every central bank in the world has an inflation mandate, whether it is the entire mandate or just a portion of it.

Inflation is a significant factor affecting all currencies, including the Euro. In general, countries with high levels of inflation compared to other countries will see their currency depreciate, resulting in relatively equal prices of goods between countries.

Furthermore, higher-than-expected inflation would cause the central bank to raise interest rates in order to control that inflation. Acronyms: — ECB: European Central Bank Release Date: 8 times per year, 4 weeks after the Minimum Bid Rate is announced.

This entails deciding on monetary targets, key interest rates, and the availability of reserves in the Eurozone, as well as setting guidelines for putting those decisions into action.

Every six weeks, the ECB holds monetary policy decision meetings, and the ECB is open about the reasons behind its decisions.

Following each such meeting, it holds a press conference. Traders and investors are especially concerned about the effect of ECB policy on the prices of EUR pairs, European indices, stocks, and other properties. As a result, several traders will try to forecast which direction monetary policy will take ahead of each meeting. Unexpected interest rate hike announcements generally cause the EUR to rise against its rivals, while unexpected rate cuts may cause the EUR to fall.

The President of the European Central Bank is the single most influential person when it comes to the value of the Euro. As the head of the institution which has control over short-term interest rates, any speeches or appearances may contain clues to how monetary policies, especially interest rates, may change in the future. A single statement can create vast swings and high volatility conditions.

Acronyms: — ECB: European Central Bank Also known as: Interest Rate Statement; ECB News Conference Release Date: 8 times per year, about 45 minutes after the Minimum Bid Rate is announced. The ECB allows euro system national central banks NCBs to use these rates for transactions with commercial banks. The three primary rates are as follows: The minimum bid rate is the interest rate for one-week loans.

The deposit rate is the interest rate charged on deposits with NCBs. The marginal lending rate is the interest rate on overnight loans. Traders anticipate that interest rate hikes would have a negative impact on the valuation of their stocks, bonds, and other assets while increasing the value of the Euro compared to other currencies. Lowering interest rates or implementing quantitative easing, on the other hand, is likely to have the opposite impact.

Acronyms: — EU: European Union — ECB: European Central Bank Release Date: Undefined. This aids in the coordination of all relevant policy areas among Eurozone member states. Regular high-level discussions on the particular obligations associated with Eurozone membership often help Eurozone countries to take the Eurozone dimension into account in their national policy-making.

Since Eurozone issues are of political and economic interest to all EU countries, they are also addressed at European Council meetings on a regular basis. These summits can be broad in focus, but will often follow a similar theme depending on the current status of the European Union, and the rest of the world.

Depending on the subject matter, these summits can have a major effects on the markets. The Eurogroup is an informal body in which ministers from Eurozone member countries address issues concerning their common obligations regarding the Euro.

It also aims to foster conditions conducive to stronger economic growth. The Eurogroup is also in charge of organizing and following up on Euro Summit meetings. The commissioner for economic and financial affairs, as well as the commissioner for taxes and customs, and the president of the European Central Bank, also attend Eurogroup meetings. Changes in monetary policy may have a direct effect on all asset classes.

However, through understanding the intricacies of monetary policy, investors can place their portfolios to benefit from policy adjustments and increase returns. The European Parliament is a directly elected EU legislature with supervisory and budgetary duties, as well as the role of public debate and action on EU-level issues. The greatest worry for traders will be the amount of influence the EU elections will have on the single currency.

After all, the results of the elections would have an effect on trade and foreign relations policies. History however has shown that EU elections have minimal effect on the euro. Due to its nature, the Flash PMI is often a very strong indicator of where the final PMI figure may be.

The goal of the Flash PMI is to foreshadow the final PMI data as accurately as possible. As a result, demand for the Euro increases. As a result, demand for the Euro falls. The PMI, or Purchasing Managers Index, is a critical economic news release in every major economy that indicates the state of economic growth. The PMI, which shows whether the economy is shrinking or expanding, is a survey closely followed by traders of all kinds, including scalpers, swing traders, and investors.

The French Presidential elections are conducted in two parts. Candidates who find themselves advancing to the second round of these elections will have to expand beyond their core voters to whom they will have effectively mobilised in the first round. Due to the way these elections are conducted, oftentimes you can find large shifts in rhetoric as the elections transition into this second phase.

As France is a major contributor to the overall progress of the EU and consequently the Euro, the individual that holds the seat of President will have a large influence on the value of the Euro. Acronyms: — Buba: Deutsche Bundesbank — ECB: European Central Bank Release Date: Undefined. The President of the Bundesbank, is traditionally one of the more hawkish members of the European Central Bank ECB , which sets main short-term interest rates across the eurozone, affecting the value of the euro.

Their remarks can influence a short-term positive or negative trend. The President of the Bundesbank holds a very influential position when it comes to the value of the Euro. Germany is the single most powerful economy within the European Union and holds a great deal of economic power within the Union.

It therefore correlates that the views and actions of the Bundesbank President may have a significant impact on market volatility where Euro currency pairs are concerned. Unlike other supreme courts, the constitutional court does not act as a normal appellate court from lower courts or the Federal Supreme Courts on any violation of federal laws except in cases involving constitutional or public international law. Depending on what is being ruled on, this event can have unexpected effects on the financial markets.

The Bundestag is the Federal Parliament of Germany. Similar to the House of Commons in the United Kingdom, or the House of Representative in the United States, it is the only directly-elected body on the federal level that is chosen by the German people. As Germany is the largest contributor to the overall progress of the EU and consequently the Euro, the members that will make up the German Federal Parliament and go on to form a government will have a large influence on the value of the Euro.

It is important to have a decent understanding of the parties, and their political viewpoints to predict what effect they might have on the Euro were they to be elected by the German populace. The German Flash Services PMI is a survey of about Purchasing Managers that focuses on the levels of business relating to employment, inventories, new orders, prices, production, and supplier deliveries.

Larger company responses have a greater effect on the final index numbers than small company responses. The percentage of respondents reporting an increase, decline, or no change since the previous month is shown for each question asked.

An index is derived from these percentages: a level of Acronyms: — ifo: Information and Forschung Release Date: Monthly, 3 weeks into the month. The German Ifo Business Climate is essentially a composite index focused on a survey of approximately 7, companies across Germany in various sectors such as manufacturing, building, wholesale, and retail.

Business owners are questioned about current economic conditions as well as their plans for the next six months in a survey conducted by the Information and Forschung Ifo Institute for Economic Research. A closer examination of the study shows rising sectors in the German economy are failing and which are thriving.

Using this information, traders can better predict the overall change in value that may befall the Euro as a result of German Business. Acronyms: — CPI: Consumer Price Index Release Date: Monthly, around the end of the month.

The Consumer Price Index CPI is the primary indicator used to monitor inflation and changes in buying patterns. The Consumer Price Index CPI is one of the most important economic indicators influencing forex trading.

Forex traders are advised to track the CPI of most major trading nations, including the United States, the European Union, Japan, and Australia. Acronyms: — ZEW: Zentrum fur Europaische Wirtschaftsforschung Release Date: Monthly, on the second or third Tuesday of the month. Since , the ZEW Financial Market Test has interviewed up to experts from banks, insurance firms, and financial divisions of selected organisations about their evaluations and predictions for significant international financial market data.

Participants are polled on their six-month forecasts for the economy, inflation rates, interest rates, financial markets, and exchange rates in the Eurozone, Germany, Japan, the United States, the United Kingdom, France, and Italy, as well as the oil price. The ZEW Financial Market Survey results are used to establish and publish one indicator: The ZEW Indicator of Economic Sentiment is a leading indicator of economic sentiment.

The ZEW Economy Sentiment analysis is a form of fundamental analysis that is used by short-term traders rather than long-term traders. This measure is focused on sentiment, and the Forex market is nothing more than a compilation of all those thoughts, emotions, and behaviour.

If people have jobs, the economy is doing well, and interest rates are rising as a result of rising sentiment.

People and investment banks want to put their money into rising, prosperous economies that are doing well. A relevant sentiment rule is that the more something is known to the consumer, the less of an effect it will have in general. This is critical to remember when attempting to recognise ZEW Sentiment and the anticipated market reaction triggered by that sentiment. Also known as: General Election Release Date: Every 4 Years, snap-elections possible in between.

The Greek Parliament is made up of seats. The Greek electoral system is an interesting one in that it is founded on the principal of Proportional Representation. While made up of seats, only of those seats are decided in the election, and the remaining 50 are awarded to the party that wins a majority, or a plurality of seats if a majority is not reached. Greece underwent a major government-debt crisis which began as a result of the global financial crisis of As a member of the Eurozone, there was a lack of flexibility when it came to monetary policy.

Eventually, Greece saw 12 rounds of tax increases, spending cuts, and reforms between and As the Greek economy remains in a state of recovery, and due to the restrictions on monetary policy as a part of the Eurozone, there may be political motivations to withdraw from either the EU or the Eurozone. As the next potential country to exit the European Union, it is imperative that traders keep a close eye on the parties running for office, and the platform that they are running on.

If a party were to advocate for leaving the EU and succeed in forming a government, there are fears that a Greek exit from the EU could create a domino-effect, leading to other countries pulling out. The President of Greece is elected by The Hellenic Parliament on behalf of the electorate. The Hellenic Parliament is made up of seats. The first and second rounds of the Presidential Elections require a super majority of , with the third round requiring a super majority of After reconvening, the new parliament can conduct up to three more rounds of voting, with the requisite majority in the fourth round being votes and a simple majority of votes in the fifth round.

A sixth and final round will be determined by a relative majority between the two candidates with the most votes. As the President is chosen by the Parliament, it can often be easier to predict which way the Presidential Elections may swing and to which individual.

Due to the unique situation that Greece is in within the European Union, it is imperative that you as a trader pay close attention to whoever is chosen to be head-of-state if you are trading EUR pairs. Acronyms: — BTP: Buoni del Tesoro Poliennali Also known as: BTP Auction Release Date: Variable, around 14 times each year.

There is no consistent impact — there are risks and opportunities. Bond market liquidity and demand are represented by the bid-to-cover ratio, which can be used to gauge investor confidence. The yield on the BTP reflects the return an investor would earn if he or she holds the treasury for the entire term.

At the highest approved bid, all bidders earn the same rate. Traders compare the average auction rate to previous auction rates for the same security. Also known as: General Election Release Date: Every 5 years, snap-elections possible in between. From these members, a government will be formed. However, for the past two decades, a semblance of peace has reigned, and Italians have grown accustomed to daily voting intervals.

Italy is the third largest economy in the EU, and its strength is felt far beyond its borders. An insecure government in Italy would result in little to no progress, as well as a continued brain drain.

Be aware of this if you are trading the EUR pairs during the Italian Parliamentary Election. Acronyms: — ECB: European Central Bank Also known as: Interest Rates; Refi Rate; Repo Rate; Minimum Bid Rate Release Date: 8 times per year. When they do this, they must have collateral to ensure that the money is returned. The key refinancing operations rate is one of three interest rates set by the ECB every six weeks as part of its efforts to keep eurozone prices stable.

The other two rates are the marginal lending facility rate, which is the rate at which banks can borrow from the ECB overnight this costs them more than borrowing for one week , and the deposit facility rate, which determines the interest banks earn — or may pay in periods of negative interest rates — for depositing money with the ECB overnight.

The higher the rate of return, the more interest is accrued on currency invested and the higher the benefit, therefore Interest rates are critical for forex day traders. The risk in this approach, of course, is currency fluctuation, which can significantly outweigh any interest-bearing incentives.

Although it is tempting to purchase higher-yielding currencies and finance them with lower-yielding ones, doing so is not always prudent. Interest rates, as well as any press release on interest rates from central banks, should be treated with caution.

Acronyms: — ECB: European Central Bank Also known as: Interest Rate Statement Release Date: 8 times per year. The central banks would raise interest rates to combat inflation and lower interest rates to promote credit and inject liquidity into the economy. Following the news and reviewing central bank decisions should be top priorities for forex traders.

As currency exchange rates fluctuate, traders will increase profits not only from interest accrual from carry trades, but also from market volatility.

Thorough research analysis may assist a trader in avoiding surprise rate changes and properly reacting to them when they occur. Also known as: Obligaciones Auction Release Date: Variable, around 10 times each year. The maturities of Spanish ODE bonds exceed five years. The yield on the ODE reflects the return an investor will earn if he or she holds the treasury for the entire term.

Investors compare the average auction rate to previous auction rates for the same security. High implied volatility indicates there is a greater chance of large price swings expected by traders whereas low implied volatility signals that the market expects price movements to be relatively tame. In Spanish elections, direct universal suffrage is used, which means that every adult person has the right to vote.

However, unlike in the UK, voters do not nominate individual candidates who belong to a party or are running as independents, but rather a regional party list from which the candidates have been pre-selected in a preferential order by the parties running. Parties win seats in the Spanish parliament in relation to the number of votes they receive under proportional representation.

The lower house, known as Congress, is where bills are introduced and debated before being sent to the upper house, or Senate, which may recommend amendments and veto any legislation. Be aware of this if you are trading the EUR pairs during the Spanish Parliamentary Election. Also known as: Jobless Claims; Registered Unemployment; Total Jobseekers Release Date: Monthly, 3 days after month-end. Annual budgets are deemed to be balanced when estimated expenses are equal to projected revenues.

It is in debt if its expenses surpass its revenues, and it is in surplus if its revenues exceed its expenses.

The annual budget details the estimated revenue and expenditures of the British Government for the coming year.

The method of developing an annual budget entails weighing the sources of revenue such income taxes, NICs National Insurance Contributions , VAT Value-added Tax , Corporation Tax, Fuel duty, etc, against public expenditures such as Social Protection, the NHS National Health Service , Education, Defence, Transport, Housing and of course, the interest on the National Debt. The Budget influences the economy, interest rates, and financial markets. The fiscal deficit is affected by how the finance minister spends and invests revenue.

In the same way, an increase in indirect taxes will reduce demand. This is because indirect taxes are often partly or entirely passed on to customers in the form of higher prices. Higher prices mean a decrease in demand, which in turn reduces company profit margins, slowing economic production and growth, resulting in a weaker currency.

Also known as: Quantitative Easing Programme; Money Printing Programme Release Date: Monthly. The Asset Purchasing Facility is the amount of capital that the Bank of England intends to generate and inject into the economy through open market bond purchases in order to manipulate long-term interest rates.

Quantitative Easing is another name for this monetary policy method. However, this devaluation can lead to an increase in outside investment which in turn can stimulate domestic growth as money enters the economy from foreign investment and purchasing.

Conversely, a devalued currency also means that the exchange rate is a lot costlier for domestic persons and businesses to purchase foreign goods and services, and therefore also increases domestic purchasing as external goods and services become less accessible financially. Acronyms: — OBR: Office of Budget Responsibility Release Date: Annually. The predictions, known as the Economic and Fiscal Outlook EFO , are released twice a year, at the Budget and the Autumn Statement. The OBR offers an up-to-date statement on the current state of the public finances and whether the government can achieve its own fiscal targets.

A balanced budget ensures that the money spent by the government on items like the NHS and welfare in a year is equal to the amount brought in by things like taxes. The Autumn Statement is a kind of progress-report for government income and spending. It outlines income levels, borrowing levels, expected spending, and financial objectives. The Autumn Statement also includes the latest independent economic forecasts which have been prepared by the Office of Budget Responsibility.

Therefore, it holds a great deal of information as to how the country is fairing financially, and if it is on track to reach its fiscal targets. It is imperative that, as a trader, you are following the Autumn Forecast Statement if you are trading GBP-related pairs. Also known as: Average Earnings Including Bonuses Release Date: Monthly, 45 days after month-end.

The average earnings index data shows the rates paid for Labour by British companies and the UK government. Employee incentives are also included in this article. The UK Office for National Statistics calculates and publishes it. It is in the 3MoY format, which means that it is the average of the last three months as compared to the same time the previous year. The data is presented as the percentage difference in earnings between the two periods.

This data is delayed because it is published 45 days after the end of the month. It is a leading indicator of market inflation CPI Consumer Price Index since higher earnings are more likely to cause cons. The higher the likelihood of spending, the more likely the buyer is to spend. A bank stress test is a study performed under fictitious conditions to assess if a bank has sufficient resources to withstand a negative economic shock.

Unfavourable circumstances, such as a deep recession or a stock market collapse, are included in these examples. The results of these tests can be a major market mover as it will determine the overall stability of the Great British Pound GBP. If the GBP remains strong under these fictitious financial crises, then it will be more likely for investors to trust that their capital will be safe within British financial institutions, and thereby increase the amount of capital within the British economy, strengthening the GBP further.

Traders should keep a close eye on these Bank Stress Tests that are often conducted in the last quarter of each year to determine the overall sentiment of financial stability and security for the GBP.

The Governor of the Bank of England is the most senior position in the Bank of England. The position is nominally a civil service position, but it is usually filled from within the bank, with the incumbent grooming his or her successor. The Governor of the Bank of England is also the Chairman of the Monetary Policy Committee, which plays a significant role in guiding national economic and monetary policy and is thus one of the most powerful public officials in the United Kingdom from a financial perspective.

The Governor of the BoE is involved in a number of talks all throughout the year, covering vast subject matters. It is important for traders to be aware of when the Governor of the BoE is speaking and what they are speaking on so that they are aware of any hints or clues to future financial and economic policy. This will ensure that as a trader, you are up to date with what is happening with the GBP from a fundamental perspective and will be less likely to be caught off guard if there is a sudden shift in either monetary policy or sentiment.

The Bank of England BoE is the central bank of the United Kingdom. It is responsible for a wide variety of functions, similar to those of other central banks around the world. The BoE is in charge of issuing currency and, more generally, of monetary policy. The Monetary Policy Committee MPC , which consists of nine members, sets interest rate policy. The MPC is headed by the Governor of the Bank of England, a civil service role usually held by a career bank employee.

The Chancellor of the Exchequer appoints the remaining four members. There may also be other pieces of information contained within the report depending entirely on the situation within the British Economy and any ongoing situations.

The Governor of the BoE also holds a press conference in order to discuss the contents of the report after it is released to the public. The Monetary Policy Report is an important piece of economic data for traders, as it can assist a trader in assessing the stability and direction that the GBP and the UK economy is heading in.

With insights into both inflation and economic growth, it is imperative that you, as a trader, are aware of these particular metrics, in order to make an informed decision when trading GBP-related pairs. Also known as: Jobless Claims; Unemployment Change Release Date: Monthly, 16 days after month-end. The Claimant Count Change represents a change in the total number of people receiving unemployment insurance in a given month. The metric is measured using administrative data from the benefits and social support system.

This involves individuals who are claiming unemployment benefits and applying for other forms of financial assistance due to a lack of earning opportunities. These forms include, for example, the so-called Universal Credit, a monthly payment that is now replacing six previously cancelled benefits and charges.

The change in the Claimant Count is related to the increase in unemployment, but they are not completely equivalent. To begin with, not all unemployed people apply for welfare and are officially registered. Second, certain individuals who are unable to work for example, due to sickness or disability may be eligible for compensation.

The measure represents the state of the Labour market. Claimant development signals a downturn in the Labour market. Purchasing Managers are typically on the front-line and the first to know when a company is expanding or contracting.

This means that instead of waiting for the final data to be released by these companies, traders and policymakers have early-access to what the final figures may look like. Due to the nature of this index, the reading provided is centred around the 50 figure, with a reading above 50 suggesting that there is expansion within the construction industry, and a reading below 50 suggesting that there is contraction within the construction industry. Construction is an important economic factor for the simple reason that it represents physical expansion.

Where there is building, there is economic activity, whether it is building new homes, warehouses, or factories, construction is the first sign of how an economy is progressing.

Expansion shows that the economy is healthy, and people are able to take advantage of opportunities to either expand their business or improve their living standards with a new home. Conversely, contraction indicates that there is less demand for new structures, meaning less demand for businesses to expand their operations, or less opportunity for people to improve their living standards.

Keeping your finger on the pulse of the construction industry is what may set you apart from other traders, as it gives you an early indication of how the economy may be fairing behind the scenes.

There is a vigorous discussion these days about whether this inflation level is acceptable in the current environment, but we are sticking with it until something changes because it helps economies to develop at a normal rate.

Inflation is a significant factor affecting all currencies, including the GBP. Furthermore, higher-than-expected inflation would cause the central bank to raise interest rates in order to control inflation. If a nation has a current account surplus, it means that it is a net lender to the rest of the world. Similarly, if a nation has a current account deficit, it indicates that the country is a net creditor. Being a net borrower with a current account deficit is not necessarily a bad thing.

Countries with a current account surplus finance the economic operations of countries with a current account deficit. These countries with current account deficits are almost certainly importing more capital in order to invest in the future and use those resources for internal development. If a nation has a current account deficit, it must be offset by a financial account surplus. A growing current account surplus indicates that foreigners are purchasing more domestic currency in order to conduct transactions in the country.

This ensures that foreign countries would have to purchase more domestic currency to pay for their imports. As a result, the health of the currency and the current account are related. Professional traders are always interested in the state of the current account and whether it has recently been in surplus or deficit.

These assessments serve as leading indicators to traders and investors as they give a detailed view from the frontlines of how the economy is fairing within a particular sector. The Manufacturing PMI consists of surveyed Purchasing Managers that are asked to rate the relevant levels of business and business conditions, including things like new orders, production, supplier deliveries, inventories, prices, and employment.

Due to the nature of this index, the reading provided is centred around the 50 figure, with a reading above 50 suggesting that there is expansion within the manufacturing industry, and a reading below 50 suggesting that there is contraction within the manufacturing industry. The Final Manufacturing PMI does not hold as much market-moving power as the Flash Manufacturing PMI that is released beforehand, as the effects of any change in the Manufacturing sector will already likely be priced into the markets.

With that said, if the Final and Flash figures are vastly different, the unexpected differentiation between these two figures will likely see a fresh movement in the markets regardless of the previous Flash report already being priced in.

The manufacturing and service industries are weighted differently in terms of GDP scale. The PMI Services is a more important economic release than the PMI Manufacturing. As a result, if the PMI Manufacturing disappoints, the currency reacts by falling. The currency will rebound if the PMI Services data does not validate the poor PMI Manufacturing data. A separate PMI for the construction sector is published in the United Kingdom.

Due to the nature of this index, the reading provided is centred around the 50 figure, with a reading above 50 suggesting that there is expansion within the services industry, and a reading below 50 suggesting that there is contraction within the services industry.

As a result, demand for the GBP rises. As a result, demand for the GBP falls. As it has a strong basis to foreshadow the Final Manufacturing PMI figure, the Flash Manufacturing PMI figure has been shown to repeatedly impact the markets far greater than its Final PMI counterpart.

This is because market sentiment will be priced into the markets at this particular point in time due to the very unlikely variation between the two figures. Traders should keep a close eye on the Flash PMI figures in order to ascertain how industries are performing and should then also keep a close eye on the Final PMI figures to ensure there are not any surprise variations between the two. As it has a strong basis to foreshadow the Final Services PMI figure, the Flash Services PMI figure has been shown to repeatedly impact the markets far greater than its Final PMI counterpart.

Acronyms: — GDP: Gross Domestic Product Release Date: Monthly, 40 days after month-end. Everything that happens within the economy, such as investments, government expenses, exports, consumption, services rendered, impacts this figure. It is the broadest measure available for economic activity, and it is also the primary tool used to gauge the overall health of the economy within the United Kingdom.

When an economy expands at a reasonable pace, the gains flow down to the customer, raising the probability of investment and expansion. The Manufacturing Production report outlines the total change in the value of output produced by manufacturers, adjusted for inflation.

The Manufacturing Production report is a leading indicator of economic health. Acronyms: — BOE: Bank of England — MPC: Monetary Policy Committee Also known as: Treasury Committee Hearings; Select Committee Hearings Release Date: Quarterly. At the Monetary Policy Report Hearings, the Governor of the BoE Bank of England and members of the MPC Monetary Policy Committee testify on the economic outlook and inflation in front of the Treasury Committee of the UK Parliament.

These hearings can often last a few hours and can create a fair amount of market volatility during that time. These hearings will often contain comments directly referencing the currency markets, which as a trader, you should definitely be listening out for.

Members of the MPC are the ones who set the key interest rate, and so it is incredibly important to be aware of any public engagements that they are partaking in as there may be subtle hints regarding future changes to interest rates, or monetary policies in general. The Monetary Policy Summary is one of the primary tools used by the MPC Monetary Policy Committee to communicate their monetary policies to investors and the wider public.

It contains a number of policy measures, including the outcome of their Interest Rate votes and a commentary on the influences that were behind those votes. Most importantly of all, it discusses the current outlook from an economical standpoint, and may offer clues on how future votes on interests may differ. Acronyms: — APF: Asset Purchase Facility — BOE: Bank of England — MPC: Monetary Policy Committee Release Date: Monthly.

The vote breakdown reveals which members are changing their position on asset purchases and how close the committee is to enacting a reform in potential purchases. The higher the rate of return, the higher the interest rate on the money invested in the forex market and the higher the benefit. Using these metrics, a trader may build an estimate of a rate shift. Usually the economy performs well, as these metrics grow and the thresholds either need to be improved or unchanged, if the growth is minor.

Similarly, major decreases would anticipate a rate reduction to encourage borrowing. Acronyms: — BOE: Bank of England — MPC: Monetary Policy Committee Release Date: Undefined. Members of the MPC Monetary Policy Committee hold a large amount of influence over monetary policies and decisions. They are involved in various speaking engagements such as the Jackson Hole Symposium, and various other panel discussions or conferences.

Acronyms: — MPC: Monetary Policy Committee Release Date: Monthly. The members assess the efficacy of the current system in light of the current economic situation. The MPC Official Bank Rate Votes are the outcome of the MPCs votes on how interest rates should be adjusted. The first number represents how many members of the MPC votes to increase interest rates. The second number represents how many voted to decrease interest rates.

The third number represents how many voted to hold interest rates. When a central bank decides to lift a benchmark interest rate, the primary aim is to minimise domestic monetary supply. A tightening policy is usually justified by a number of factors, the most important of which is the rise in inflation.

As inflation becomes uncontrollable, currency value, demand, savings, and spending become unstable. Acronyms: — BOE: Bank of England — MPC: Monetary Policy Committee Also known as: Interest Rates Release Date: Monthly. The Official Bank Rate is the interest rate at which the Bank of England lends money to financials institutions overnight.

The rate is decided by MPC members who vote on where to set the rate, with individual votes published in the MPC Meeting Minutes 2 weeks after the rate is set. Currency valuation is influenced by a great many factors, but few factors more than short term interest rates. These rates are paramount to the overall valuation of a currency and traders should spend a lot of time analysing various economic indicators to determine where changes to interest rates may happen in the future.

This particular release can be overshadowed by the Monetary Policy Summary which focuses on the future, and as there are also a number of indicators which help to predict where interest rates will be set, rate decisions can already be priced into the markets, meaning impact can often be negligible. Also known as: General Election; House of Commons Election Release Date: Every 5 years, snap-elections possible in between. There are parliamentary seats in the country.

The majority of them, , serve English areas, with Scotland having 59 seats, Wales having 40, and Northern Ireland having Each parliamentary seat represents roughly 70, voters and over 98, members of the general public. Historically, parties required slightly more than a third of the popular vote to elect a majority of MPs and form a government. When a political party wins a majority of seats in parliament, their candidate for prime minister is introduced to the queen or king and sworn in.

The Conservative Party, and the Labour Party. Both of these parties typically share quite different visions for the country, with one advocating for cuts to both spending and taxes, with the other advocating for investment and an increase to higher rates of taxation. The public perception of these parties is typically what sways the vote one way or the other, and the public perception is largely influenced by the various forms of media, both publicly and privately owned.

What is interesting with the UK elections is that according to opinion polls, the ideals that the Labour Party will often put forward, such as the nationalisation of the Royal Mail, Railway companies, Water companies, Energy companies, and Bus companies are favoured by the majority of the British Public. Yet this simply does not translate when it comes to the public voting at the ballot box.

The exit-poll in the UK Parliamentary Elections has been relatively accurate for past election cycles, and therefore the largest impact on the markets will often be experienced when this exit poll is released.

Acronyms: — PPI: Producer Price Index — CPI: Consumer Price Index Release Date: Monthly, 15 days after month-end. PPI is a critical piece of economic data because it signals potential anticipated inflation. Traders track PPI in forex trading because of the positive relationship between inflation and interest rates, but essentially, traders are concerned about how changes in interest rates will impact currency pairs.

If the consumer price index rises, interest rates will rise as well. As interest rates rise, saving money becomes more appealing because the reward interest is higher than before. Spending money becomes more expensive when investors lose out on the higher interest rate if they prefer to spend rather than save. As a consequence, rising PPI could lead to higher interest rates and a stronger currency.

Acronyms: — GDP: Gross Domestic Product Also known as: GDP First Estimate Release Date: Quarterly, 40 days after quarter-end. The Prime Minister, as the leader of the UK government, is also responsible for overseeing the functioning of the Civil Service and government agencies.

They are also responsible for selecting members of the Cabinet, the ministers that are responsible for such governmental aspects as Transport, Education, Health, Foreign Affairs, Defence, Housing, and so on. As the most important political figure in the United Kingdom, whatever the Prime Minister says can have a large impact on the financial markets. It is important to take notice of any speaking engagements that include the Prime Minister as any comments they make can have an impact on the value of the GBP.

Public Sector Net Borrowing refers to a report on the difference in value between the income and spending for local governments, central government, and public corporations within the United Kingdom during the previous month.

If the number is positive, this indicates a deficit within the budget. If the number is negative, this indicates a surplus within the budget. Please note that this figure also includes any financial interventions. This can be an important piece of data for traders as it will show how the country is handling its finances at the level of both central government and local government, while also giving a clear indication of how public services and corporations are faring.

While the impact may not always be great, there may be times when there is a vast unexpected differential in the forecasted figure and the actual figure, which may have a significant impact in the markets. Also known as: Sales Volume; All Retailers sales Release Date: Monthly, 20 days after month-end. The Retail Sales report represents the change in the total value of sales at the retail level adjusted for inflation.

As sales in the retail sector account for the majority of overall economic activity, it is a fantastic indicator of how the United Kingdom economy is performing, and the current levels of consumer spending.

The percentage rises and declines often reflect how rapidly the economy is shrinking or expanding. Acronyms: — GDP: Gross Domestic Product Also known as: Revised GDP Release Date: Quarterly, 55 days after quarter-end. For all account types, market order execution via a non-dealing desk NDD model that incorporates straight-through processing STP is accomplished directly with FBS liquidity providers. Order types available to users include market orders, limit orders, and stop orders.

Every investor will automatically given a IB ID and referer link as marketing material in order for team to get the investor or expand the network. Investor also can manually register their potential customer from the back office.

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For all account types, market order execution via a non-dealing desk NDD model that incorporates straight-through processing STP is accomplished directly with FBS liquidity providers. Order types available to users include market orders, limit orders, and stop orders. Every investor will automatically given a IB ID and referer link as marketing material in order for team to get the investor or expand the network.

Investor also can manually register their potential customer from the back office. After your account is fully approved and verified, you will receive your personal MT4. You can deposit from your back office and make withdrawal from your back office. Contact us or your country representative to guide you personally on the process after your account fully approved.

MyForexFactory Group Copy Trade is open for worldwide investor that is allowed for our respective broker , do check the broker country restriction before join to enjoy the consistent profit. Some country is ready to deposit with local bank , users also can deposit and withdraw using their USDT wallet for conveniences. MyForexFactory Copy Trade Group only operate and work with regulated and reputable broker to ensure legality and long term business. MyForexFactory does not take any direct licensing, but we are direct agent or partner that working with regulated broker to services and assist the customer for the copy trade process on our system and trader.

FBS is split into three separate entities in order to properly regulate each for different markets. FBS Markets Inc. is registered in Belize and regulated by IFSC and FSCA. These regulations provide safe and compliant trading to several jurisdictions outside the EU, the UK, and Australia. In the EU and the UK, FBS is operated by Cyprus-based firm TradeStone Ltd.

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Inflation is a significant factor affecting all currencies, including the Euro. Đây có thể là một lựa chọn tốt cho những ai thiếu thời gian hoặc kinh nghiệm để tự đầu tư. The figure is determined through analysing surveys provided to around 2, businesses which asks recipients to rate their 6-month outlook on the economy. Most importantly of all, it discusses the current outlook from an economical standpoint, and may offer clues on how future votes on interests may differ. This is due to the fact that every central bank in the world has an inflation mandate, whether it is the entire mandate or just a portion of it.

Some of the most important monetary policies were first unveiled at the gathering, copy trading forex factory, but they were not officially announced. A system of preferential voting shall conduct elections specifically, the alternative vote. The spiral in wage prices means that rising wages raise disposable incomes and increase demand for goods. The Retail Sales report represents the change in the total value of sales at the retail level adjusted for inflation. Its work on ensuring copy trading forex factory stability, fostering development, and preventing and managing crises is critical in assisting LIDCs in seizing opportunities and overcoming challenges.

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