Risk warning CFDs are complex instruments. 74–89% of retail investor accounts lose money when trading CFDs.

Module 8 — Fundamental, Macro and Intermarket Analysis

Wishlist Share

About Course

Module 8 has 37 lessons on the economic forces behind price moves. Definitions and data come straight from the official producers: the Federal Reserve and ECB (policy), the U.S. Bureau of Labor Statistics (CPI and jobs), the Bureau of Economic Analysis (GDP), ISM (PMI), the New York Fed (yield curve), the CFTC (COT), Cboe (VIX), ICE (the dollar index), and the SEC and OpenStax (company analysis). Figures quoted are the latest available on 18 October 2026 and will change. Always check the live source.

Level: Intermediate · Before this: Modules 3–4.

Course Content

Part 1 — Foundations, central banks and rates

  • Lesson 8.1 — What fundamental analysis is
  • Lesson 8.2 — Fundamental vs technical analysis
  • Lesson 8.3 — Inflation, GDP, unemployment and growth
  • Lesson 8.4 — How central banks influence markets
  • Lesson 8.5 — How rate rises and cuts affect currencies
  • Lesson 8.6 — Statements, minutes and forward guidance
  • Lesson 8.7 — Nominal vs real interest rates
  • Lesson 8.8 — Quantitative easing (QE) and tightening (QT)
  • Lesson 8.9 — Reading market-implied rate expectations
  • Lesson 8.10 — Fiscal vs monetary policy

Part 2 — Economic data and the calendar

Part 3 — Intermarket analysis, geopolitics and sentiment

Part 4 — Company analysis and combining approaches

Module quiz and sources

Student Ratings & Reviews

No Review Yet
No Review Yet