ForexForex · Lesson 09
Fundamental Analysis & News
Interest rates, inflation, employment data and the economic calendar.
Video tutorialTrack course · Trading Education
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Transcript & captions
5/5
Currencies are priced against expectations for interest rates. Anything that changes a central bank's likely path — inflation, growth, jobs — moves the currency, and the surprise versus forecast matters more than the raw number.
| Release | Why it matters |
|---|---|
| Central bank rate decision | Directly sets the currency's yield |
| CPI (inflation) | Drives future rate expectations |
| Non-Farm Payrolls (US) | Headline labour strength, huge USD volatility |
| GDP | Broad growth picture |
| PMI | Forward-looking business activity |
| Retail sales | Consumer demand |
Spreads widen and slippage spikes in the minutes around high-impact news. Either plan for it or stand aside.
Knowledge check
0/2 answeredWhat most directly drives a currency's long-run value?
Which matters most on a data release?