Economic news from a fundamental analysis perspective
So, what would a fundamental analyst say in both cases? Let’s read one of the typical market reports:
“Today’s weekly Initial Jobless Claims came in at 234k above the expectations of 220K the 8:30 am release had little effect on the USD against its peers. We have Existing Home Sale figures for the month of April released at 10 am. Market participants will be interested in comments on yesterday’s FOMC minutes from Philadelphia Fed President Harker and Atlanta Fed President Bostic at a conference in Dallas today.” (By OFX, https://sitecore.prd.ofx.com/en-us/forex-news/daily-and-weekly-market-news/20180524/fomc-minutes-followed-up-by-fed-speakers-todays/.)
We can see here only a statement of a few known facts with a vague reference to market participants who will be interested in comments. So this analysis is useless for practical immediate trading: it does not give us any idea about possible...