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Re: Trading FX on International News
The trick when trading fundamentals is not in obtaining a 'top ten' list of market moving data releases, it's in determining which of these, at any given point in time, is the one that the market is REALLY keying on. Sometimes it's employment data, sometimes consumer confidence, sometimes rate differentials, sometimes oil inventories or whatever.
Then you also need to have some understanding of what the true market expectations are. What was the previous month's figure? Has there been a revision? Is there any seasonal or other, ad hoc distortional effect? Is it a volatile or sedate data series? Has some previous (correlated or related) data release given us a clue as to roughly what to expect? Does THIS release give us a clue about some future release?
Complicated I know, but this stuff is part of the fun. And it's also why you can't just master the market in 6 months.
GJ
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