Fundamental
announcements
Fundamental announcements such as Unemployment
figures, interest rate changes, CPI figures, Inflation,
GDP, etc can cause huge swings in the Forex market.
You
will note that the Forex market usually looses steam just
before a fundamental announcement. That is because it
is hard to predict which way the market will move just
after the announcements.
Have
a look at the trade calendar each morning before you start
trading. The USA's unemployment figures are announced
every first friday of the month at about 08H30 EST and
their CPI at about the 13th of the month at 08H30 EST.
Barron's
Online Economic calendar is a good source for forex fundamental
announcements. Some of the most popular sources of fundamental
announcements are listed on this page. |
