Using sentiment analysis for gauging general stock sentiment is nothing new in the financial industry. Ever increasing views and reactions of analysts, experts, fund managers and traders on blogs and social media sites, continues to drive this very interesting field of research. But how about analysing social indicators for currency pairs?
At Heckyl we achieve this by using the following parameters in addition to the standard ones explained in our earlier blog Sentiment Analysis in Finance :
- Marco-economic news – Tracking macro indicators, central bank announcements, official press releases, government speeches and interviews for both countries separately
- Macro Views by leading institutions and analysts for the two countries