Fundamental
Announcements
Fundamental announcements such as CPI figures,
Unemployment figures, Inflation, GDP, interest rate changes,
etc can cause huge swings in the market.
You
will note that the market usually looses steam just before a
fundamental announcement. You will note that there are very
little movement for some time in the market. This can be an
indication of an upcoming fundamental announcement. This happens
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 and Forex
Directory are good sources for forex fundamental announcements.
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