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watching. Hopefully you found some value and I will see you

sections together in order to get a clear and confident

understanding and outlook of the fundamental backdrop of the

we've got economic data at the bottom of it okay? And all of

analysis trading. In the next video I'm going to run through

that central bank data. We've got geopolitical events and

economies and the global economy. So thank you for

each of these three we're going to look at a conclusion the

these things together are the core of our fundamental

fundamental analysis and how we can bring each three of these

Preparing for the week ahead is crucial in my opinion as we

Hopefully you understand the high impact economic news and

much on. Everything comes together in hierarchy. We have

and confidently knowing we're not going to get caught out by

that allows us to just focus on what we really need to focus on

employment data, these G 7 meetings and military policy

releases non-form payroll which is unemployment data or any

don't really drive the market too much so we're only going to

economic datas before the week begins we can find focused

week ahead so each weekend or each Monday morning we need to

going to be negative are they raising rates is it positive or

are they leaving the same to keep a stagnant market flow.

say we've got some interest rate data for the pound coming

trading then so we don't want to trade through interest rate

there okay we have impact high impact data for all of these

the retail sales, the PMI, the CPI data, all these things,

have this famous quote here failing to prepare is preparing

session begin and then we know we can trade it safely clearly

is going to come up and when it's going to you know form an

with stop loss utilization before the data happens. So by

we need to focus on. Low and medium impact news cause little

from other areas of trading. If we can identify this high

exit trades before the news happens to avoid trades

when the interest rates drop are they cutting rates is it

based on increased volatility okay and a new sense of clarity

dollar Australian dollar Swiss Frank you can see that all

information. Step three then is going to be prepare for the

up and if we think it's going to be high impact and

data the only real high impact data marked here is this speech

prepared and managing our trades accordingly to either

got the long term effect data. So these are things like

little noise, okay? We can just track interest rates, GDP data,

of a specific country or global economics without all the

prepare all this data we need to filter out that high impact

as well okay so looking at this data this calendar here we can

impact data, we can plan ahead, avoid a needed losses by being

data video. Hopefully you found some good tips and pointers.

other high impact news we can avoid is that way and if we do

also the economic news that you don't really need to focus too

personally we're actually only going to focus on the high

get ready before the week begins before the trading

and stops our mind getting clouded with too much

interesting movements on the pound before and after the news

data release and it's going to allow us to filter by currency

Zealand dollar the pound of the Japanese yen the Euro Canadian

eye on and worth taking note of worth checking out in your

calendar that marks out the low medium and high impact economic

entirely until the news has gone down or to protect our

okay? So identifying the high impact and filtering down to

run through. Step number one is going to be a check and

going to just remain aware and try and manage our trades

prepare for the week ahead by preparing these high impact

trading pairs with interesting or clear fundamentals so let's

on these datas okay How do we actually then trade economic

economic calendar okay so these are online and it's simply a

issue for us so if we can identify the times to avoid

data? And the simple answer is we don't. We're not going to

So how are we going to manage economic data? Here is a little

focus on the high impact data

any of this high impact data So that is all for this economic

release to try and catch that spike because it's very

to no disruption and can be ignored without taking up focus

effect, high-impact data. So this will cause movement in the

wait for a news release and buy or sell just before the news

have a medium impact CPI data and then a lot of low impact

upcoming news it's going to show us the importance of each

see we have the different currencies listed the New

get out early and secure a profits or we can as spoken

reports without the additional noise of all the little data,

up we can actually then know that we're going to have some

to fail so we always want to do this prep that economic data

to cut the risk out of a trade.

data and get a calendar ready just so that we know when data

high impact data. We can filter down the news to just the news

okay from the governor of the Reserve Bank of Australia so

identifying these high impact data we can track the economics

we need to keep our focus limited so that we can keep our

are going to drag the market down. We also have short-term

and unemployment, okay? These are the long-term effects that

focus here, okay? It's going to divert our attention from all

in a long-term effect. These are PMI, CPI, GDP datas and

about in the risk management chapter utilise our stop loss

calendar so that you can avoid them each week but when it

That it takes us to step number two. We want to identify the

impact data okay all of these low and medium impact datas

market and it will cause spikes but it's not going to drag out

interest rates, monetary policies, central bank meetings

news that we need to track it's going to help us to track the

look to actively trade any news, okay? We're not going to

want to focus on the high impact data. Uh and even then

affect an economy and can lead to interest rates being

we can then extend into longer term effects so if we can see

importance data and figures. Uh we don't really have too much

Few different types of high impact data here then. We've

the other important factors of economic data, geopolitical

accordingly. Keep in mind when the data's going to be showing

comes to trading opportunities we shouldn't really be focusing

some bigger information that's going to drive the market

different currencies we are then shown the impact so we

particularly risky for a movement that we are in, we can

dangerous and it is a gamble. Instead of doing this, we're

okay this will drag down an economy longer term while the

single day. Uh it's never going to go away. Economics are

unemployment is on the rise this is of course going to

the market. So these types of economic data are big market

influences that cause large moves and can cause long term

important.

or trade in line with it. Different economic data has

retail sales information. All these things worth keeping an

data in line with data releases and be ready to either avoid it

importance across different datas. Some data's going to

economic drivers that relate to the state of the economy. So

markets at all.

mind focused on all the other areas of trading that are more

important to keep on top of the game. Uh keep in line with the

always going to run the markets. So that's why it's

We also have then a medium and low impact data. So this is low

events and the central bank information as well. So we only

increased or cut and military policy statements then forming

price spikes, okay? Volatility is increased and the price

economic data will actually only provide short term spikes

monthly data, we have quarterly data. We have annual reports on

interferences. We have economic data releases almost every

shows economic performance over a specified time. So we have

we're looking at things like gross domestic product and

unemployment data. Okay these things have large effects on

data, all these different things, okay? And the data

rates that we spoke about previously and also employment

So high impact economic data then refers to the direct

central banks and governments such as unemployment data,

effects okay? Um and things like this are the interest

economic data refers to news, meetings and figures from

spikes can interfere with trades and they can also

But economic data does play a part and it is crucial that we

varied impact levels. So we have different levels of

when it comes to the importance of these macroeconomic datas.

markets and affect our trading if we want to succeed. So

economic data comes at the bottom of the hierarchy list

have a massive effect and some isn't even going to move the

main thing with economic data is the fact that it causes

provide good trading opportunities if we can gauge

where the market is going to go. Economic data causes common

understand how it works and how it's going to affect the

on employment. So data comes in all different shapes and sizes

How we doing everyone? Welcome back to the course. In this

and it will all affect a market one way or the other. So the

different topics and we can even have weekly data as well

in the next video.

interest rates, gross domestic product conferences and PMI

video we're going to be talking about economic data. So