Daily Analysis Checklist
1. Daily Opening News (Financial Source Must Read Tab)
Essential to get up to speed with all the market-moving events that are driving asset classes right now and which things happened while you were away from your screens.
2. Intermarket Analysis
Analyze the performance of Equities, Commodities and Currencies to establish whether there are any clear risk-on or risk-off flows. There are various tools you can use to find this info such
as MetaStock Xenith, Reuters, Bloomberg or Tradingview
3. Daily Risk Event Outlook Report (Financial Source Must Read Tab)
Shows you the day’s upcoming economic calendar along with scheduled speeches. Also highlights which economic data points are the most significant and how and why they are expected
to move the market. Make sure to scan through an economic calendar to familiarize yourself with the upcoming events and plan out potential trading scenarios ahead of time.
4. Dominant Currency Sentiment Report (Financial Source Market Insight Tab)
The report will show you the highest probability currencies to trade based on the dominant themes driving FX for a particular trading session
5. Forex Source Video Commentary Opening Videos
Provides a quick snapshot and bias for all the major currencies and major currency pairs based on current market sentiment
6. Sentiment Drivers Reports (Financial Source Market Insight Tab)
The report will show you the highest probability currencies to trade based on the dominant themes driving FX for a particular trading session
7. Additional News Analysis & Research
Do additional research and analysis from various sources such as Bloomberg, Reuters, Forex Live and Investment bank analysis. This will help you see what market participants are focusing
on right now and give you insights and expectations from various analysts.
8. Chart Analysis
After you have found the highest probability currency pair to trade by pairing the strong with weak you can use your chart analysis tools to determine the best zones for your entries and
exits. These tools might include Support & Resistance zones, Phycological Levels, Key Swing Points, Fibonacci Retracements etc.