Читать книгу Currency Trading For Dummies - Kathleen Brooks - Страница 16

Fundamentals are the broad grouping of news and information that reflects the macroeconomic and political fortunes of the countries whose currencies are traded. (We look at those inputs in depth in Chapters 7, 8, and 9.) Most of the time, when you hear people talking about the fundamentals of a currency, they’re referring to the economic fundamentals. Economic fundamentals are based on

 Economic data reports

 Interest rate levels

 Monetary policy

 International trade flows

 International investment flows

There are also political and geopolitical fundamentals (see Chapter 7). An essential element of any currency’s value is the faith or confidence that the market places in the value of the currency. If political events, such as an election, a war, or a scandal, are seen to be undermining the confidence in a nation’s leadership, the value of the country’s currency may be negatively affected.

Gathering and interpreting all this information is just part of a currency trader’s daily routine, which is one reason why we put dedication at the top of our list of successful trader attributes (see the earlier section “Speculating as an enterprise”).