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Educational content, not investment advice.

Souq Dailyسوق ديليSouq Daily

Lesson 10 of 103:579 Sources

Level 3 review & test

Recorded. Publishing soon

Presented by NourIn Arabic, with captions. Other languages are coming.

Educational content, not investment advice. Nour explains how markets work. She never tells you what to buy or sell.

Level 3 in one page:

  • L1 Fundamentals explain why; technicals where/when. Markets move on surprises vs expectations.
  • L2 Central banks: Fed dual mandate, 2% goal, 8 FOMC meetings a year; rate differentials and forward guidance move FX.
  • L3 CPI: monthly; core excludes food and energy.
  • L4 NFP: payrolls, unemployment, wages; ±122k significance; revised.
  • L5 GDP: final goods and services; real vs nominal; quarterly, revised.
  • L6 Calendar: actual, forecast, previous; your time zone.
  • L7 Gold: growth, risk, opportunity cost, momentum; central-bank buying.
  • L8 Commodity currencies and terms of trade.
  • L9 Geopolitics: smaller size, verify, stops aren't guaranteed.

Score 80% to earn your certificate.

Review and level test

This lesson recaps the whole level. When you're ready, take the 10-question test.

Take the test

Sources

Every fact in this lesson is backed by the sources below.

  1. 1.BIS – Triennial Survey 2025: global FX trading hits $9.6 trillion a dayFX turnover $9.6 trillion/day, April 2025 (Lesson 1)
  2. 2.Federal Reserve – Governor Cook speech, 25 March 2024 (dual mandate, 2% goal)Fed dual mandate and 2% longer-run inflation goal (Lesson 2)
  3. 3.Federal Reserve – What is the FOMC and when does it meet?Eight scheduled FOMC meetings per year (Lesson 2)
  4. 4.U.S. BLS – Consumer Price Index news releaseCore CPI = all items less food and energy (Lesson 3)
  5. 5.U.S. BLS – Employment Situation: Frequently Asked QuestionsHousehold vs establishment survey; ~122,000 significance threshold; revisions (Lessons 4, 6)
  6. 6.IMF Finance & Development – Back to Basics: Gross Domestic ProductGDP definition; real vs nominal (Lesson 5)
  7. 7.World Gold Council – Gold Return Attribution Model (gold drivers)WGC gold driver families (Lesson 7)
  8. 8.Reserve Bank of Australia – Drivers of the Australian Dollar Exchange RateTerms of trade and the AUD (Lesson 8)
  9. 9.SEC Investor.gov – Investor Bulletin: Understanding Order TypesStop price not a guaranteed execution price (Lesson 9)

Educational content, not investment advice. Risk warning: trading forex, CFDs, gold and crypto carries a high level of risk and may not be suitable for everyone. You can lose more than you put in. Souq Daily is an education platform. Nothing here is investment advice, a recommendation or an offer, and past performance does not predict future results.