The biggest and most obvious part of fundamental analysis is trading economic data releases, or more simply as traders call it: News trading.
So that everyone in the market has a level playing field when it comes to market sensitive news, each economic data release has a set time and date that it must be released. This means that at this particular time EVERYONE is watching and trading that particular market. All this attention leads to volatile market conditions as everyone tries to outwit each other in the race to best position themselves.
“The US Non-Farm Payroll report is one of the most significant pieces of economic news on the forex calendar. NFP, as traders refer to the release, is the monthly change in the number of employed people in the US economy with farming excluded. It is a major barometer for the health of the US economy and in term the globe.”
More News Posts
Euro sinks after bleak manufacturing, services data; U.S. dollar rises
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Dollar eases as growth fears push yields lower
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Dollar dips as Fed hikes rates, flags slowing economy
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar…
Dollar towers over peers as markets bet on large Fed rate hike
By Alun John HONG KONG (Reuters) – The dollar held…
Dollar towers as traders brace for hawkish Fed
By Tom Westbrook SINGAPORE (Reuters) – The U.S. dollar stood…
Dollar on front foot as traders await U.S. inflation data for Fed cues
By Alun John HONG KONG (Reuters) – The dollar was…
Yen extends slide, euro steady as all eyes on ECB meeting
By Alun John HONG KONG (Reuters) – The yen dropped…
Dollar dips as hopes rise that inflation has peaked
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar…
Dollar extends 20-year high vs yen amid inflation jitters; Aussie slips before RBA
By Kevin Buckland TOKYO (Reuters) – The dollar continued its…
Dollar falls as investors reach for riskier currencies
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar…