Original subtitles

it's just all the different points you get a bunch of data

they're saying in their meetings, are they are they

actually look at but these are the main main ones for now if

releases at the time you've got to understand are we seeing

economic drivers in this case is the Employment figures. You

going to be important but it's not going to carry as much

find it on Forex Factory when it comes out and then there's

is going to be the links to the websites where you can get all

to actually keep a section of just important links. Uh this

of this. So of course consumer spending and retail sales is

economic growth or are we seeing some kind of

England are doing and all the key representatives, what

few other economic indicators or economic drivers that

going to be doing my fundamental breakdown so that's

give think smart and fundamentals and know where the

must always consider that as at the top of the hierarchy of all

looking for employment figures as the Fed is for example now

understand in the direction of DXY and here's one tip I always

specific hinted at the employment figures therefore

in the first week of every month it's essential to

Now note the key bit of information to understand is

central banks doing, if you're focusing on GBP pairs then of

when the data is released you can see IS they're both

progressive data in the employment figures. They

2021 ah we had the FOMC meeting where they stated that they

how the economy is doing and where it is heading. So these

spending. Now if you're if you're seeing some kind of

because you know it's all LinkedIn related. If you've got

as well understanding is the economy growing at the time

spend. Now these are usually averages between the general

growth. There's more stimulation within the economy.

everything like that. The more construction that's going on

imports. Uh the import market and you know employment and

of it and of course next relating to home sales is the

construction industry takes up so much of particularly

you can understand okay now we're seeing more economic

different different ethnic I believe as well and this again

be wondering why do we even look at things like

understand what it is I understand where it comes from

construction spending so again from the Department of Commerce

Let me just bring it up one second oh yeah Forex Factory if

person of the population. Of course this is quite hard to

going to help but always keep reading articles, always

course you're going to be looking at what the Bank of

this information. Generally generally though you can always

actually go onto what's it called?

is home sales so this is from the Department of Commerce it

weight at the time as the employment figures. Now in

usually a link to the website where it comes from. So guys

you want do your own research on them as well but essentially

when they particularly you know highlight one one bit of the

understand what the Fed is doing, you know what are other

terms of links to websites there's I'm going to be

attention is the only way you're going to know this is by

releasing a document soon. I'm thinking in the Discord group

will consider a taper announcement if they see

over the next few months the employment data the

actually doing your own research well of course I'm

unemployment and the rest of the NFP data that is released

I'm going to be updating all of this very soon and there's a

but sometimes ah sometimes some of them ah carry greater weight

deflationary conditions instead anyways guys I'll see you in

than others. For example on the 28th of July ah of this year in

dropping at the same time.

we also expect consumer spending to drop as well. Then

are all the key economic drivers that we will look at

Hence why I don't recommend to trade NFP news especially if

you are a beginner and obviously you're still learning

market. It creates as some of the biggest wings at the time.

you can understand okay if we're reducing retail sales can

more increased sales you can also expect higher consumer

divergences at the time they might be leading indicators so

of the biggest news releases that you see in the forex

month. Um obviously we've gone through NFP previously but it's

and figuring out your strategy. Now the next point industrial

they release their sales at that time. And what it is is a

as an average. Of course this is one of the best indicators

data released on NFP day which is during the beginning of the

quite often because you know lots of stocks and companies

Department of Labor and then usually you get this all this

then you've got CPI and PPI of course as we know that's

folder on Forex Factory. Uh you're going to be seeing it

data's released monthly around the middle of the month. Next

measure of the sales in various sectors and usually groups it

information is released quarterly so you're going to be

drivers that occur in the economy so the main type the

about the productivity. Of course we've talked about GDP,

CPI, everything like that. But when it comes productivity you

one of the most important economic drivers and the

inflation side of things. But we haven't talked too much

talked about you know the monetary policies. We've

you remember back to our our first lesson actually you

finished with bonds, yields and everything related to that

sort of quantify in a way but they also release it for

So this one is would usually come up I believe as an amber

Next thing is the consumer spending. Again from Department

is released monthly. And then the last one is retail sales.

of Commerce and it's a measure of how much consumers can

month and this is again released monthly. So you might

construction spending. Now the main thing is because the

it's a measure of the amount of construction that occurs per

is released monthly as you can tell lot of this data's

you're going to see all of these all of these things pop

what it means and then how it impacts the economy next thing

released monthly so that's why we've always got to keep on top

you go on to Forex Factory and you go down every single date

measures contracts on new and existing homes and again this

up and you'll understand now okay so now you know I

production. So again this is released from the Federal

economic driver that I'm listing at the moment. If you

Reserve and it's released every month. Um all these every

the first Friday of every month. Uh And usually it's one

council uses during the FOMC meetings so this released by

the Federal Reserve. Uh it's a measure of inflation and this

we've got employment figures. So this is released by the

few lessons back that's what the Fed Fund rate sort of

one that we looked at was PCE as well if you remember from a

consumer price index producer price index and then the other

quarter then you've got GDP year on year which is yeah FYOY

seeing a information like GDP QOQ which means quarter on

all the information GDP is from the Department of Commerce it's

one and then obviously I'm going to explain how to find

looked at is GDP so just to briefly explain every single

main types actually first one first two that we've already

need to understand the different types of economic

put the breaks on the economy. We've talked about the

discussed fiscal policies, central banks, what they do to

remember this. So the the thing we've looked at we've always

we're going to be looking at some economic drivers. So if

Yes guys welcome to the next lesson. So now that we're

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