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
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U.S. dollar falters vs major currencies as sterling gains; yen in spotlight
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Dollar wobbles as U.S. inflation fuels hopes of slower Fed rate path
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