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You're reading from  Getting Started with Forex Trading Using Python

Product typeBook
Published inMar 2023
PublisherPackt
ISBN-139781804616857
Edition1st Edition
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Financial Technology
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Author (1)
Alex Krishtop
Alex Krishtop
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Alex Krishtop

Alexey Krishtop is a quantitative trader and researcher with 20 years of experience in developing automated trading solutions. He is currently the head of trading and research at Edgesense Technologies and CTO at ForexVox Ltd. He develops market models and trading algorithms for FX, commodities, and crypto. He was one of the first traders who started using Python as the ultimate environment for quantitative trading and suggested a few approaches to developing trading apps that, today, have become standard among many quant traders. He has worked as a director of education with the Algorithmic Traders Association, where he developed an exhaustive course in systematic and algo trading, which covers the worlds of both quantitative models and discretionary approaches.
Read more about Alex Krishtop

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Economic news from a fundamental analysis perspective

So, what would a fundamental analyst say in both cases? Let’s read one of the typical market reports:

“Today’s weekly Initial Jobless Claims came in at 234k above the expectations of 220K the 8:30 am release had little effect on the USD against its peers. We have Existing Home Sale figures for the month of April released at 10 am. Market participants will be interested in comments on yesterday’s FOMC minutes from Philadelphia Fed President Harker and Atlanta Fed President Bostic at a conference in Dallas today.” (By OFX, https://sitecore.prd.ofx.com/en-us/forex-news/daily-and-weekly-market-news/20180524/fomc-minutes-followed-up-by-fed-speakers-todays/.)

We can see here only a statement of a few known facts with a vague reference to market participants who will be interested in comments. So this analysis is useless for practical immediate trading: it does not give us any idea about possible...

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Getting Started with Forex Trading Using Python
Published in: Mar 2023Publisher: PacktISBN-13: 9781804616857
© 2023 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Alex Krishtop

Alexey Krishtop is a quantitative trader and researcher with 20 years of experience in developing automated trading solutions. He is currently the head of trading and research at Edgesense Technologies and CTO at ForexVox Ltd. He develops market models and trading algorithms for FX, commodities, and crypto. He was one of the first traders who started using Python as the ultimate environment for quantitative trading and suggested a few approaches to developing trading apps that, today, have become standard among many quant traders. He has worked as a director of education with the Algorithmic Traders Association, where he developed an exhaustive course in systematic and algo trading, which covers the worlds of both quantitative models and discretionary approaches.
Read more about Alex Krishtop

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