For Successful Traders it is very important to consider the
Fundamental approach. I have given below the dates and time of the Economic
Data release. They have a big impact on the price movements.
For example :
If the US stock market rallies the US dollar should Strengthen against
other Currencies.
If the US current account deficit widens due to Japanese
sell off of US treasuries, the US dollar should Weaken.
If the FED raises
interest rates. The US dollar should Rally.
If oil prices surge to record
highs, the US Dollar will have a Negative effect.
An increase in
unemployment figures in the US will have Negative affect on the US dollar. You
must always study the Data release before deciding to trade.
