Hello,
Something that has been bothering me lately is that while most fundamental news releases are based on [I]actual vs. forecast numbers[/I], there are others that don’t contain actual “data,” but can be very influential on the market nonetheless.
In the last week, for instance, there have been several FOMC members speaking, as well as the FOMC Meeting Minutes in a couple of hours. Next week we have the Beige Book and then the very important ECB Press Conference on the Euro side.
It is generally understood that if these meetings or speeches are more [I]hawkish[/I], they will generally cause investors to buy the associated currency, and if they are more [I]dovish[/I], the opposite effect will happen.
I’ve scoured the net trying to find sources that will actually release what is said in these meetings or interpet their meanings. But that information doesn’t seem to exist, short of you somehow subscribing to them yourself.
It seems like these non-data based news releases can really do a number on the market … but the problem is, I have no idea if one is hawkish or dovish after one is released because no site online seems to have (or release) this info. Is it because individuals have to interpret what is said themselves?
Thank you!