There are certain Fundamental Announcements that are much more likely to result in strong movements. If there is uncertainty (good for your trading) about what the announcement will be then there will be an immediate and often drastic effect on the currency market (more drastic news = more drastic price move). The most important to watch for are Unemployment Reports, and Interest Rates. Also high on the list to look for are Consumer Price Index (CPI), Inflation, and Gross Domestic Product (GDP). Less important (meaning less likely to result in the jumps you are looking for) but still worth keeping an eye on include M2 (Money Supply), Treasury Budget, Producer Price Index (PPI), Retail Sales, and International Trade
Be sure to look for the above in your weekly Fundamental
Announcement calendars and plan accordingly to attempt to trade
them.
Additional info for the USA (USD)
Unemployment Reports are released on the first Friday of every
month at 8:30 am EST for the prior month (this is a big one you
should always attempt to trade – i.e. on July 2, 2004 it jumped
over 100 pips in about 1 minute!), and every Thursday at 8:30 am
EST they release a weekly adjustment (less important but still a
good possibility). CPIs are released 8:30 am EST around the 13th
of each month for the prior month. International Trade is released
8:30 am EST around the 20th of the month (data is for two months
prior). PPI released around 11th of each month at 8:30 am EST
for the prior month. Treasury Budget released 14:00 EST around
the 3rd week of the month for the prior month. GDP released 3rd
or 4th week of the month at 8:30 am EST for the prior quarter, with
subsequent revisions released in the 2nd and 3rd months of the
quarter. M2 released Thursdays at 16:30 EST data for the week
ended two Mondays prior. NAPM (National Association of
Purchasing Managers) released 10:00 am EST on the first
business day of the month for the prior month. Retail Sales
released 8:30 am EST around the 13th of the month for onemonth
prior.
Spend some time researching about Fundamental
Announcements (lots of stuff on the web – links to get you started
can be found in the Resources Section) to better understand what
these are, and how they work. Remember, educating yourself is
an investment in yourself, and can help you to be a more
profitable trader.
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