Greetings friends of Project Hope, great week for everyone. We have a week full of very important macroeconomic news, and it will surely be very moving in all markets, especially those directly related to the US dollar.
There are several relevant news items, but I must highlight a very important one, which is the index of what is known as "Underlying inflation", which is what contemplates the "Variation in the price of goods and services acquired by consumers, excluding food and energy" Source</ His p.
Let us remember that very high inflation is harmful, and that, if it rises, it also affects the interest rate, as well as many other factors that are used to try to stop economic growth, and this ultimately ends up affecting all of our economy.
On the page Forex Factory we have all the important dates in matters of macroeconomics, and it is these that determine the policies of the central banks, and although I know that this is usually not relevant for many, because it seems to be very difficult to understand, the truth is that it hits us daily, whether we understand it or not.
So, I am particularly aware of this type of news, logically, for me it is important, as a trader, to be aware of this information to be able to have an idea of what the market could do, where it could go, and knowing the direction of a price, one can consider a purchase or a purchase of an asset. For example, if it is good for the USD, then it is not good for Gold, which means that the price of this metal will decrease.
In this case I try to make it as easy as possible, so that it is understandable, and that I can also put it into practice quickly and without complications, which in the end is what I have been seeking to establish as a work methodology in the market.
When you start this, you usually try to use many indicators, theories, you try to try everything, and that is fine, since it allows you to explore different techniques and ways of understanding the market, but little by little the time comes when we must simplify. things to be able to have a clean and personalized operation.
I hope this post has been of interest to you. Have a good week everyone.
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Very informative and important post. In your explanation you have explained the importance of underlying inflation in a very clear and simple manner. Your wisdom and interpretation shows that you deeply understand market issues. Excellent post!
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