You would think that after the results of the US election, the financial market would calm down. Certainly not! Market players will always find a reason to accelerate asset prices to the maximum. Your task is to catch the right moment to conclude profitable transactions.
To learn how to figure out when that is, read our news.
Germany: The ZEW Economic Sentiment Index in Germany (for October)
This index defines the mood of institutional investors. If it is above zero, it indicates optimism; if it is below – pessimism. The ZEW is a good indicator that helps determine the future trend of the European currency. This research is based on a survey of about 350 institutional investors and analysts.
Positive indicators will lead to active growth of the currency pair EUR/USD; negative ones will lead to downward movement of EUR/USD.
United Kingdom: A change in the number of applications for unemployment benefits (for October)
The number of applications for unemployment benefits indicates the number of unemployed people in the UK for that month. A growth trend indicates a weak labor market and has a negative impact on consumer spending and therefore on economic growth and the strength of the national currency.
If the number of unemployed people is less than forecasted, the currency pairs GBP/USD and GBP/JPY will receive a new push to growth. If the number is higher, expect an active decline in GBP/USD and GBP/JPY.
The US: the core Consumer Price Index (for October)
The core Consumer Price Index measures price changes for goods and services, excluding food and energy products. It can be used to follow the purchasing and inflation trends in the US.
Indicators that are higher than expected will lead to active growth of the USD/CAD, USD/CHF, and USD/JPY currency pairs; if they are lower, USD/CAD, USD/CHF, and USD/JPY will fall in price.