Keep in mind that fundamental analysis is an effective resource to forecast supply and demand for a certain currency, but not to forecast exact exchange rates. So the answer is yes, you can enter the market when a report is about to be released, but you better make a combined use of fundamentals with other analytical resources.
For example, you might get a clear understanding of the direction of the US economy by studying the relationship between the trade balance and the gross domestic product, but how do you translate that in entry and exit points? A great starting point is undoubtedly by studying the fundamentals and identifying those edges that you want to trade upon - the herewith disclosed studies are meant as edges on which you can develop your trading model. But in order to find entry and exit points, a combination of those edges with technical strategies is needed. This combination is what you will finally use to translate the raw market data into usable entry and exit points. Read More
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News Trading - Rick Wright
How to trade the news - Rob Colville
News and Economic Data That Affect Forex Market Movements - Mario Sant Singh
Does Forex News Trading really work?- Jarratt Davis
Two Cases When Trading News Events Goes Wrong - Yohay Elam
Editors’ Picks
EUR/USD fluctuates near 1.0700 after US data
EUR/USD stays in a consolidation phase at around 1.0700 in the American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders, supporting the USD and making it difficult for the pair to gain traction.
GBP/USD struggles to hold above 1.2450 in choppy session
GBP/USD is keeping its range near 1.2450 in the second half of the day on Wednesday. Although upbeat Durable Goods Orders data helps the USD hold its ground, the improving risk mood allows the pair to limit its losses.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Editors’ Picks
EUR/USD fluctuates near 1.0700 after US data
EUR/USD stays in a consolidation phase at around 1.0700 in the American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders, supporting the USD and making it difficult for the pair to gain traction.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold keeps consolidating ahead of US first-tier figures
Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.
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