The school of thought known as “Forex fundamental analysis” essentially says that a trader can predict future price movement of a market based on a market’s fundamentals or news data. There are literally thousands of variables that can cause any one market to move on any given day, but just because these fundamental and news variables are the catalysts for price movement in a market, does not necessarily mean trying to analyze them is useful or even relevant for short to mid-term Forex traders. If there’s a strong daily chart trend in place, I am much more concerned with that, and I will actually use any counter-trend retraces that occur as a result of the news to look for price action signals in-line with the daily chart trend; this is the essence of how I ‘trade the news’, so to speak.