This coming week Forex traders await data on Japan's trade balance, index of business activity in the manufacturing sector from HSBC bank, PMI data from the USA, Germany and France, the interest rate decision of the Reserve Bank of New Zealand and other events.
Forex trading just like any other sphere of life requires a certain system and philosophy for achieving success. The professional way in every aspect of life lies through education and that’s the case with forex trading too. Forex trading education is important because as simple as it is to get in and out of the forex market these days it's still a serious matter that requires knowledge.
The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.
The value of a country’s currency is affected and influenced by various economic indicators that reflect how a country is performing. The macroeconomic events that are placed internally and internationally are factors that have huge effects on the currency’s value. Forex traders should know that there are economic reports which have huge impact on the forex market.
This coming week Forex traders await fundamental data on the index of retail sales in the U.S., consumer prices in the UK, as well as data of current sentiment in the business environment in Germany, China's GDP figures and much more.