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28 December 2020,08:08
Analysis
28 December 2020, 08:08
Every given period of time, each country around the world will have what is called an economic release. A data release is the periodic publication of economic data and or news of a qualitative and quantitative nature.
These data or news releases help paint a picture of the overall health of a company or country’s economy. A stronger outlook for a company or country’s economy should be reflected by a higher company stock price or stronger domestic currency.
This data/news can have both a short and long term impact on prices and traders will look to benefit from any movement created by these economic data releases. So investors will make investment decisions based on their interpretation of the economic data which has been released.
Key Points of Economic Data
An example of an economic data release is as follows;
U.S. Non-Farm Payrolls – [Released monthly] Measures the number of jobs created or lost each month excluding the agricultural sector.
For the month of July we can see that… – –
The forecasted figure is = -65k
The prior figure is = -125k
The actual figure is = -131k
And finally the revised figure is = -221k
We can see here that the actual figure is more than two times the forecasted figure – and as we mentioned before the bigger the difference the more likely the fluctuation.
In this case, higher than expected unemployment rates is bad news, so there was an initial sell off on the Dollar.
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Disclaimer
This content is for educational and informational purposes only and should not be considered investment advice, a personal recommendation, or an offer to buy or sell any financial instruments.
This material has been prepared without considering any individual investment objectives, financial situations. Any references to past performance of a financial instrument, index, or investment product are not indicative of future results.
PU Prime makes no representation as to the accuracy or completeness of this content (except newsroom articles and Trading Hours Changes messages) and accepts no liability for any loss or damage arising from reliance on the information provided. Trading involves risk, and you should carefully consider your investment objectives and risk tolerance before making any trading decisions. Never invest more than you can afford to lose.
以行业低点差和闪电般的执行速度交易外汇、指数、贵金属等。
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