Economic Calendar
January 31, 2009
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Economic Calendar is an important trading tool. It provides times and dates as well as market expectations of major economic releases. It serves as a basis for fundumental analysis of currency pairs, since currencies realign upon release of economic statistics assuming the direction dictated by the new data. Breakout trading is a trading strategy that heavily relies on new economic releases because currency relalignment coupled with high volatility create huge market swings with a pip range of 70pips (on average) just a few minutes after new data release. |
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