O'Reilly logo

The FX Bootcamp Guide to Strategic and Tactical Forex Trading by Wayne McDonell

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

PART TWO
Strategic Analysis
In the following chapters, you will learn how to create a bias for a currency pair based on solid data. Bias helps you stay on the long-term trend because you see the big picture. It’s not a study of candles, but the study of global money flow, economic performance, and central banking operations.
In Part Two, you will learn:
• How to conduct fundamental analysis.
• How inflation affects interest rates.
• How global money flow affects forex.
• How to read Producer Price Index (PPI), Consumer Price Index (CPI), Non-Farm Payrolls (NFP), and other reports.
• How the Federal Reserve Bank operates.
• How central bankers drive currency values.
• Why China and Japan want cheap money.
• How interest rates create carry trades.
• How currencies correlate with each other.
• How currencies correlate with commodities.
• Why to trade the global reserve currency.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required