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3. IMPORTANT DATA TO USE AND PREDICT THE FUTURE
MOVEMENT OF OVERALL PRICE IN MAJOR PAIRS.
FOMC ( INTEREST RATES )
1.INTEREST RATES ARE DECIDED IN THIS MEETING.
2.THE MORE THE INTEREST RATES THE BETTER FOR THE
COUNTRY.
3.CURRENT INTEREST RATE IN US IS 5.50
RECENTLY THERE WAS A NEWS OF RATES CUT SO IT IS
GOOD FOR GOLD AND GOLD MADE ALL TIME.
4.VERY VOLATILE NEWS USUALLY RELEASED AT 11.00 PM
PST.
NFP ( NON FARMING PAYROLL )
IN THIS DATA EMPLOYMENT CHANGE OF PRIVATE SECTOR
WORKERS WHO ARE NOT FAMERS ARE RELEASED
1.THE MORE THE DATA IT SHOWS THAT MORE NUMBER OF
PEOPLE ARE BEING EMPLOYED WHICH IS GOOD FOR US
DOLLAR.
2.IF THE DATE IS LESS THAN FORECAST THAT SHOWS
THAT PEOPLE LOST THEIR JOBS WHICH IS NOT A GOOD
NEWS FOR US DOLLAR,
