MENTOR
KORORFX
FUNDAMENTAL CONTENTS
Abdiwahab H. Abdalle
CORRELATIONS:
Monitor the DOLLAR INDEX (DXY) as it has an
inverse correlations with XAUUSD.
A stronger DXY typically indicates a Bearish
Sentiment for Gold.
Additionally, Monitor XAGUSD (Silver) prices, as
Gold and Silver trend to follow Similar Trends
with silver often leading movements in Gold.
[Link]
DXY GOLD
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FUNDAMENTAL CONTENTS
NEWS CORRELATIONS
MENTOR
Abdiwahab H. Abdalle
CPI - Inflation
if inflation Data is Greater than Forecast, DXY Will go up and Gold
Will go Down
DXY GOLD
FOMC - Interest Rate Data
if interest rate data is increasing , DXY Will go up and Gold will Sell
DXY GOLD
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FUNDAMENTAL CONTENTS
NEWS CORRELATIONS
MENTOR
Abdiwahab H. Abdalle
Unemployment Claims - Unemployment
if Unemployment Data is greater than forecast, DXY Will go down
and Gold will Go up.
GOLD
DXY
Five Major US Indicators
GDP - Gross Domestic Products
NFP - Non-farm Payroll
Balance of Trade
Treasury Intel Capital Survey (TICS)
R E APhiladelphia
L L Y G R E A T S I T E . C O MFed Survey (Philly Fed)
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FUNDAMENTAL CONTENTS
BEST TIME TO TRADE CURRENCY PAIRS AND GOLD
MENTOR
Abdiwahab H. Abdalle
Pairs Timings
GOLD 5PM-9PM
EURUSD 5PM-9PM
USDCAD 5PM-9PM
USDJPY 11:AM-3PM
GBPJPY 11AM-3PM
US30 5PM-9PM
[Link]
AUDUSD 6AM-12PM
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FUNDAMENTAL CONTENTS
MAJOR ECONOMIC INDICATORS
MENTOR
Abdiwahab H. Abdalle
Production:- Anything that this country makes,
through these indicators, the Central Bank can see
whether a country is being productive or not. (PMI)
Geopolitical:- Non-Economic things that can cause
risk in the market. e.g, Change in Government, wars,
natural disasters, etc
Employment:- How many people are or are not
employed (NFP)
Inflation: How the cost of goods and Services is
moving. (CPI)
[Link]
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FUNDAMENTAL CONTENTS
PAY ATTENTION TO NEWS
MENTOR
Abdiwahab H. Abdalle
[Link] - Read articles in the currency section, pay attention to
articles that gives information on the reasons for a particular move in a
currency and the analyst expectations for the possible continuation of
that move. if we see a certain currency dropping, then the articles could
explain why a certain currency pair is doing what it is.
[Link] - News calendar, this allows you to see a list of economic
data that will be coming out. such as PMI Numbers, interest rates, CPI ,
NFT etc.
RECAP: - Focus on what the central Bank is focusing on which is normally
one or two things.
whenever you get a news release, you should always asking yourself
‘’How will the Central Bank view this on the economy.’’
I HOPE THIS DOCUMENT WILL HELP YOU UNDERSTANT
RTHE
E A L L Y GBASICS
R E A T S I T E . C OOF
M FUNDAMENTAL NEWS
Prepared By:
Abdiwahab H. Abdalle
“@KororFX”
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