Hi all,
As i scour the forex news calendar, not that I am a news trader as i’m not, but being as i’ve only been in the market for about 5 months, i’m still comming to grasp which news events really dictate changes in the market.
Tomorrow the US releases the New homes start for the previous month, now obviously to me this is very important, if it is good than that will only still strengthen the dollar further, if it is not of course the adverse will occur. That is relatively easy to figure out as its 1 country and 1 currency.
Now the EURO, some 13 countries.
So obviously economic data from 1 or more country will affect the euro, but i’m trying to understand how much.
So again tomorrow is an important news release concerning the German Business Climate Index. How much impact will a single countries outlook influence the euro?
(I assume Germany will have a substantial impact as compared to some of the other countries).
So if someone could shed some insight, that would be appreciated.