Fundamental...

It is hard to say what has a stronger effect on the market, the event itself or its expectation, but it is safe to say that the release of important data can lead to significant and sustained movement exchange rates.

So, in the framework of of fundamental analysis (FA) Various reports on currency and financial events in the world, phenomena in the political and economic life of individual countries and the world community as a whole, which can affect the development of the currency market, are studied, as well as an analysis of what changes in exchange rates they can lead to. Here important information about the work of stock exchanges and large companies such as market-makersThe main factors that influence the development of the economy are the economic situation in the country, central bank interest rates, the government's economic policy, possible changes in the political life of the country, as well as all kinds of rumors and expectations.

The date and time of release of this or that indicator is known in advance. There are so-called economic indicator calendars and the most important events in the life of individual states (with specific dates, or approximate time of their release). The market prepares for these events. There are expectations and forecasts of what value of this or that indicator may come out and how it can be interpreted.

The following proverbs are related to the release of certain data (or any information that affects the market): "sell on good news" and "buy on rumor, sell on fact". These proverbs are appropriate when the market is waiting for some event to occur.

Еще до выхода информации об этом событии происходит движение курса в определенном направлении (на¬правлении интерпретации будущего события), т.е. рынок «закладывается». Поэтому зачастую после выхода данных (если информация соответствует ожиданиям) курс движется в противоположном направлении. Это связано с тем, что на ожиданиях были открыты позиции, и когда произошло то, чего ждали — происходит закрытие этих позиций. Происходит так называемый "profit taking" (снятие прибыли). Ситуации, когда происхо-дят подобные события, характеризуются выражением «priced in» (т.е. наступление данного события уже зало¬жено в цену — имеется в виду курс одной валюты по отношению к другой).

When working with FA is important not only the possible reaction to the news, but also:
—    текущее состояние рынка;
—    ожидание толпой того, какая новость выйдет, и представление масс о том, насколько сильно новость изменит взгляд экономического сообщества на текущую экономическую ситуацию, а значит и саму экономическую ситуацию.

For example, after the release of a series of rising GDP indicators, Nonfarm payrollsThe market may see talk of a possible interest rate hike in the U.S., and even if it happens in a few months, people are already actively buying U.S. dollars against other currencies. Even if this change happens in a few months, people are already actively buying U.S. dollars against other currencies. Thus, the beginning of up-trend on the dollar США — устойчивая тенденция усиления доллара против других валют. После выхода сообщения об изменении ставки может начаться коррекция на это движение.

Contrary to the misconceptions of many beginners the "correct" interpretation of macroeconomic data is often impossible, because even knowing the relationship and mutual influence of currencies in a pair, reflecting the relationship between different states, the history of currency development, determining the cumulative result of certain economic measures and establishing a link between seemingly unrelated events does not guarantee the result. This is where experience in the foreign exchange market is most needed. One thing is certain: you should always know the time of news release and the possible force it can have on the market. If you trade intraday, this knowledge may help you to break through the range or just signal about the timely closing of open positions.