You may not be news trading, but you're still looking at news items as discrete events that each specifically determine price direction. That's just not the case.
Fundamental analysis is about looking at the data in aggregate, not one release at a time. Any one specific data item is subject to revision and volatility. In other words, these things bounce around all over the place in many cases, which makse trying to determine the fundamental view of the market from any single one at the time of its release a maddening effort at best.
Fundamental analysis is about identifying the main things that contribute to demand for a currency (interest rates, trade, economic growth, inflation, etc.) and tracking them over time. In the case of forex, you have to do that for multiple economies because it is the relative effects of these contributors to demand that influences exchange rates.
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