Bank Of Japan’s Interest Rates is released 8 times per year. Their current rate is -0.10% and it has been for such a long time. On the 21st of January, they will hold their first meeting of 2020 to decide on their Interest Rates. Below is the Bank of Japan 2020 Interest Rates dates.
Welcome back. As promised in the beginning of the year that I will publish the annual dates of the most watched economic news, here’s another most watched economic event in the markets. Consumer Price Index accounts for the majority of overall inflation and inflation is very important to currency evaluation. Below is the U.K Consumer Price Index annual dates.
CPI stands for Consumer Price Index. It is the most watched economic indicator. It is calculated/released by the Bureau of Labor Statistics, which is part of the Department of Labor.
It measures the change in price of goods and services purchased by the consumers excluding investment items such as stocks, bonds, real estates and life insurance. In short, CPI measures the cost of living. The CPI is released monthly.
Consumer Price Index accounts for the majority of overall inflation. Inflation is important to currency evaluation. As promised in the beginning of the year that I will publish the most watched economic news annual dates. I’ve already published Non Farm Payrolls annual dates. To get started with your yearly plan, check this post here.
Below is the United States Consumer Price Index 2020 schedule. Thank you for stopping by and reading this post. Please share with your friends and stay tuned for more.
Non Farm Payrolls (NFP) is the most watched economic event in the markets. Non-Farm Payrolls is usually released on the first Friday of the month, 12 months a year and it is all about the number of jobs created during the previous month as compared to the current month. The stats exclude the farming industry hence it’s called the Non-Farm Payrolls.
Job creation is an important indicator of consumer spending. It accounts for the majority of overall economic activity. When Non-Farm Payrolls stats are greater than expected, that is viewed as good for currency (USD) and an indication that the economy is doing well. When the stats are below expected, that is viewed as bad for currency(USD) and an indication that the economy is not doing so well.
Trading the news is not just straight forward whereby we buy when the results are above and sell when they are below. There are some other factors to consider. If you need to learn more about news trading, feel free to contact me. I have a course designed for someone who would like to learn.
Thank you for stopping by. As part of helping you with planning, I will publish the annual schedules of the most watched economic news, kindly subscribe so that you may not miss any of those publications. In case you missed my first blog post of 2020 about how to plan for your trading year, you can read it here. Below is the Non-Farm Payrolls annual schedule. Kindly share this post with your peers and subscribe . Cheers, till next time…
HAPPY NEW YEAR!!!!It’s 2020, a new decade. I am extremely excited. I feel honored to be given another opportunity to share more trading tips with you. This will be my 11th year of trading
Welcome back to all my subscribers and readers and thank you for sharing my posts and giving me a reason to publish new content. If this is your first time here, welcome, please feel free to subscribe by entering your email address on the sidebar, click SUBSCRIBE, wait for the confirmation email (it could be in the spam/junk folder) and click on the link to confirm your subscription.
One of the things that I always preach is that everything works better when there’s some planning involved. If you are trying to get into a daily routine, it starts with planning. Drafting a plan is not that difficult, but the most challenging part is to follow it through.
Over the past few years of engaging with traders, I have noticed that most traders do not plan for their trading day, week , month and let alone the whole year. I have also realised that it is because of how most traders are viewing their trading accounts, most traders view it with the same eye as they view a cash slot machine and therefore, they see no need to plan. You may learn a thing or two from this post regarding that.
I always find it easier to plan ahead and that works perfectly fine with how I personally trade. I believe though that however you trade, you can always plan. Do things differently this year. Below are the 3 things that you can include in your planning.
”Different doing, different having”
This should be on top of your list. The markets are open 24/5 (24 hours, 5 days a week) but this does not mean that every hour is a good hour to trade any instrument. After realizing that most traders are not even aware of that, I published a market hours blog post to help traders to avoid sleepy markets or trading an instrument in a wrong session. Know the sessions that will work out better for you (according to your daily work/business schedule) and plan around that. While you are still at that, you also need to know which currencies to trade during that specific session. You may like this post here.
This one might be a bit tricky to do a long term plan on because the markets are focusing on different things at different times. You can however do a weekly plan (it works perfectly for my preferred method of trading). Having a watch list should also go hand in hand with understanding when is the right time to trade those currencies on your watch list (refer to the blog posts mentioned above).
I personally do not trade any currency when it’s country is having a bank holiday because the volatility is likely to be abnormal, read more here.
We (my mentees and I) will do the planning together. If you wish to be part of my mentorship program, registration is still open, you can check all details here. Thank you for stopping by and reading this post. Kindly share with your peers and help one more trader to plan. Stay tuned for more tips.
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