Tomorrow and friday are going to be very busy days (fundamentally speaking), we’ve got 3 of the most important news announcements:
On Thursday we’ve got the interest rate announcement form the GBP and EUR, along with each bank speech.
And on Friday the most important of them all: The non-farm payrolls report.
I have a question for you… do you still trade these fundamental announcements?
I don’t know if there are any pure fundamental traders left (news trading) out there. Not because it wasn’t a good way to trade the market, but because the market doesn’t reach to news announcements as it did a few years ago.
Now it is almost impossible to trade them… the straddle technique doesn’t work anymore, slippage is a big problem now (and no broker can guarantee 0 slippage), etc.