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it's just all the different
points you get a bunch of data
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they're saying in their
meetings, are they are they
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actually look at but these are
the main main ones for now if
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releases at the time you've got
to understand are we seeing
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economic drivers in this case
is the Employment figures. You
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going to be important but it's
not going to carry as much
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find it on Forex Factory when
it comes out and then there's
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is going to be the links to the
websites where you can get all
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to actually keep a section of
just important links. Uh this
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of this. So of course consumer
spending and retail sales is
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economic growth or are we
seeing some kind of
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England are doing and all the
key representatives, what
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few other economic indicators
or economic drivers that
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going to be doing my
fundamental breakdown so that's
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give think smart and
fundamentals and know where the
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must always consider that as at
the top of the hierarchy of all
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looking for employment figures
as the Fed is for example now
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understand in the direction of
DXY and here's one tip I always
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specific hinted at the
employment figures therefore
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in the first week of every
month it's essential to
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Now note the key bit of
information to understand is
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central banks doing, if you're
focusing on GBP pairs then of
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when the data is released you
can see IS they're both
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progressive data in the
employment figures. They
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2021 ah we had the FOMC meeting
where they stated that they
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how the economy is doing and
where it is heading. So these
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spending. Now if you're if
you're seeing some kind of
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because you know it's all
LinkedIn related. If you've got
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as well understanding is the
economy growing at the time
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spend. Now these are usually
averages between the general
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growth. There's more
stimulation within the economy.
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everything like that. The more
construction that's going on
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imports. Uh the import market
and you know employment and
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of it and of course next
relating to home sales is the
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construction industry takes up
so much of particularly
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you can understand okay now
we're seeing more economic
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different different ethnic I
believe as well and this again
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be wondering why do we even
look at things like
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understand what it is I
understand where it comes from
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construction spending so again
from the Department of Commerce
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Let me just bring it up one
second oh yeah Forex Factory if
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person of the population. Of
course this is quite hard to
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going to help but always keep
reading articles, always
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course you're going to be
looking at what the Bank of
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this information. Generally
generally though you can always
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actually go onto what's it
called?
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is home sales so this is from
the Department of Commerce it
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weight at the time as the
employment figures. Now in
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usually a link to the website
where it comes from. So guys
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you want do your own research
on them as well but essentially
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when they particularly you know
highlight one one bit of the
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understand what the Fed is
doing, you know what are other
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terms of links to websites
there's I'm going to be
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attention is the only way
you're going to know this is by
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releasing a document soon. I'm
thinking in the Discord group
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will consider a taper
announcement if they see
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over the next few months the
employment data the
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actually doing your own
research well of course I'm
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unemployment and the rest of
the NFP data that is released
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I'm going to be updating all of
this very soon and there's a
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but sometimes ah sometimes some
of them ah carry greater weight
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deflationary conditions instead
anyways guys I'll see you in
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than others. For example on the
28th of July ah of this year in
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dropping at the same time.
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we also expect consumer
spending to drop as well. Then
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are all the key economic
drivers that we will look at
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Hence why I don't recommend to
trade NFP news especially if
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you are a beginner and
obviously you're still learning
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market. It creates as some of
the biggest wings at the time.
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you can understand okay if
we're reducing retail sales can
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more increased sales you can
also expect higher consumer
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divergences at the time they
might be leading indicators so
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of the biggest news releases
that you see in the forex
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month. Um obviously we've gone
through NFP previously but it's
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and figuring out your strategy.
Now the next point industrial
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they release their sales at
that time. And what it is is a
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as an average. Of course this
is one of the best indicators
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data released on NFP day which
is during the beginning of the
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quite often because you know
lots of stocks and companies
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Department of Labor and then
usually you get this all this
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then you've got CPI and PPI of
course as we know that's
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folder on Forex Factory. Uh
you're going to be seeing it
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data's released monthly around
the middle of the month. Next
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measure of the sales in various
sectors and usually groups it
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information is released
quarterly so you're going to be
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drivers that occur in the
economy so the main type the
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about the productivity. Of
course we've talked about GDP,
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CPI, everything like that. But
when it comes productivity you
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one of the most important
economic drivers and the
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inflation side of things. But
we haven't talked too much
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talked about you know the
monetary policies. We've
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you remember back to our our
first lesson actually you
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finished with bonds, yields and
everything related to that
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sort of quantify in a way but
they also release it for
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So this one is would usually
come up I believe as an amber
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Next thing is the consumer
spending. Again from Department
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is released monthly. And then
the last one is retail sales.
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of Commerce and it's a measure
of how much consumers can
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month and this is again
released monthly. So you might
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construction spending. Now the
main thing is because the
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it's a measure of the amount of
construction that occurs per
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is released monthly as you can
tell lot of this data's
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you're going to see all of
these all of these things pop
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what it means and then how it
impacts the economy next thing
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released monthly so that's why
we've always got to keep on top
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you go on to Forex Factory and
you go down every single date
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measures contracts on new and
existing homes and again this
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up and you'll understand now
okay so now you know I
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production. So again this is
released from the Federal
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economic driver that I'm
listing at the moment. If you
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Reserve and it's released every
month. Um all these every
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the first Friday of every
month. Uh And usually it's one
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council uses during the FOMC
meetings so this released by
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the Federal Reserve. Uh it's a
measure of inflation and this
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we've got employment figures.
So this is released by the
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few lessons back that's what
the Fed Fund rate sort of
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one that we looked at was PCE
as well if you remember from a
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consumer price index producer
price index and then the other
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quarter then you've got GDP
year on year which is yeah FYOY
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seeing a information like GDP
QOQ which means quarter on
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all the information GDP is from
the Department of Commerce it's
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one and then obviously I'm
going to explain how to find
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looked at is GDP so just to
briefly explain every single
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main types actually first one
first two that we've already
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need to understand the
different types of economic
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put the breaks on the economy.
We've talked about the
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discussed fiscal policies,
central banks, what they do to
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remember this. So the the thing
we've looked at we've always
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we're going to be looking at
some economic drivers. So if
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Yes guys welcome to the next
lesson. So now that we're
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the next video
12042
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