Central banks and their decisions usually move their respective currencies and associated currency crosses. It is important to watch out for their meetings and more important their press conferences as well as minutes as traders will react and adjust their positions which is why volume as well as volatility tends to increase. Sometimes the result of a meeting can alter the direction of a currency entirely.
I tend to keep an eye out for meetings of The Fed, ECB, Bank of England, Bank of Japan and the Reserve Bank of Australia as they cover the currency pairs I trade. I usually do not trade the release, but I do keep an eye out for what they say and enter their meetings with caution.
I tend to keep an eye out for meetings of The Fed, ECB, Bank of England, Bank of Japan and the Reserve Bank of Australia as they cover the currency pairs I trade. I usually do not trade the release, but I do keep an eye out for what they say and enter their meetings with caution.
