CPI NEWS - BABY STEP

Hello everyone ,

I start getting interest in FOREX since my university time . I have learn about the candlestick in hard way because the was not much free course or free guru teaching in internet. I much likely learn from forum and friend in real life who has same interest in same topic at that time.

As we know , there was two analysis that can be used when predicting the market and it was technical and fundamental analysis. Both analysis can be used to predicting the market but at that time , they told me that technical analysis is much important compare to fundamental analysis. I can see it still true until now but i just recently that fundamental analysis is also much important for trader because the fundamental knowledge can give better future prediction on market compare to technical.

THE MARKET IS CHANGING

It come to my sense that the market is changing compare to what i have learn before. It was so much different and most of my knowledge is consider old school and cant be used in current market . I guess it back to the fundamental analysis that changing the market.

Knowing this made me regret that i didnt learn the basic of fundamental analysis before. It also my regret that i get my degree in economy but it never late for me to start learning that thing now.

BABY STEP , ONCE AT THE TIME

Personally i dont know where to start to learn those fundamental but i have a glinch of idea to learn from the most news that ll impact the money value for the country. As for today , there was a red news that i believe very important to US MARKET which was the CPI report.

The news will be release at 8.30 pm (at my place +8 GMT) in my place which was another 45 minutes from now. This info about timing of releasing news i get from my favorite website : www.forexfactory.com

From google The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by consumers for a representative basket of consumer goods and services.

The higher value of CPI is bad for the currency because it mean the inflation getting higher and make the currency worth less.

This US CPI news that ll be announce today :

Usually there will be high impact in the market price before the market follow the long term trend effect of this market.

This is what i learn , the currency will become better if the news come lower than the previous value.

I think thats all for today , see you in another journey in future post.

Posted Using InLeo Alpha