Hey,
I have a few questions when it comes to relative scores. GDP, BOPs and IR are relatively easy (as you've made them so) to work out and score. My issue is when it comes to "Stock Performance" and "Trade Analysis".
For stock performance, can we use: https://tradingeconomics.com/stocks relative for each country we are assessing and calculate it this way?
For "Trade Analysis" do we only do this section for China, Japan, South Korea, India, U.S., Singapore, Germany? As listed on the spreadsheet?
Do you have a way to simplify this for a weekly calculation to help base our trade ideas?
Thank you in advance!
Stock performance yes use the relative stock market index e.g. if trading AUDUSD can use ASX200 or if trading USDJPY then analysing S&P500. Trade Analysis find the top exports in both countries and analyse the top 3-5 commodity/companies within those sectors (takes some googling to find large public companies e.g. if EU exports a lot of cars you'd see what car manufacturers are EU based using google -> you'd find companies like VW, BMW etc) If you find that a country like Canada exports a lot of oil then considering WTI crude oil prices in the trade analysis would make sense. It's all relative to the currency pair you're analysing. E.g. https://www.logikfx.com/post/usdjpy-forecast-march-2021
Import/export analysis would be the trade analysis where I've analysed A2 Milk as dairy is a large export in New Zealand and AIR as tourism is a big sector too.
I find the use of OEC.world very effective in data mining,not only it shows which products were the biggest exports/imports per year but also the countries that contribute them,very effective for macro analysis if anybody is interested in deeper analysis
Thank you! If/when I need I shall continue to post on this thread for further assistance.
Will do my research and have a look into this information above 👌🏽