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Is there a way to predict fundamental data before it comes out? If so how?
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Thank you for your question! There is of course no foolproof way to predict fundamental data in FX but at BK we have put in hundreds of man hours of research in trying to handicap economic reports. Economic data is like a puzzle made up of smaller pieces. For example the country’s GDP can be greatly influenced by Retail Sales and Trade Balance data, so if you have those pieces of information ahead of time you can sometimes come up with more accurate prediction than the market consensus. In the forex market there are scores of such economic clues that can shed light on the key data releases and while it is almost impossible to predict with precision traders can often get an idea of whether the data will beat or miss consensus expectations.
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