Alan SolarshOwner of forexrobots.co.za Making your trading experience more profitable and exciting.

How to Transform News into WINNING Forex Strategies!

Name: How to Transform News into WINNING Forex Strategies!
Uploaded: 2024-02-06T08:57:30+00:00
Duration: 1 min 55 s
Channel: Alan Solarsh
Description: Alan Solarsh breaks down how US jobless claims data moves forex markets. When claims came in at 1,833k versus the expected 1,828k, it signaled deflation…

6 Feb 2024 · 2 min

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1:55

Alan Solarsh breaks down how US jobless claims data moves forex markets. When claims came in at 1,833k versus the expected 1,828k, it signaled deflation, weakening the dollar and pushing money into gold. He shows how to read these economic releases and position trades accordingly.

Questions this video answers

Consensus previous 1806 (1,806,000) and consensus 1828 (1,828,000)

1833 (1,833,000)

Typical average 15–20% profit per month

Chapters

And let's go and see what's happening with the news so that we can understand why the market is trending and what's going on. Continuous job loss. So job loss. There are more job losses than expected.
Which is basically a deflationary market. So we can expect gold to go up. More people are claiming unemployment insurance, basically, so there are more job loss claims. The consensus previous was 1806, consensus was 1828, which means they thought that 1828,000 people will file for unemployment. What's actually happened is 1833, which is more than the consensus, which means that more people have filed for unemployment, which is bad for the US dollar. Ok. Shows that a deflationary market, that the interest rates are working. The thought process is, is that the Fed will start to decrease interest rates and people want to then move their money out of dollar and move it more into gold then. Okay, so very interesting and clever to note. So we. I explained this in detail on my discord. So when you become a student you start understanding. So well done, Glenn. Fifteen per month, my friend. That's amazing. Well done. Excellent, excellent stuff. Okay, so most of my clients make 15, 20%. That's the average. Okay. Typical average is 15 to 20 profit per month, which is really, really amazing. Ra.