One of the unfair advantages that Wall Street has over retail traders is that they understand everything that pertains to central banks and central bank data.

Fed meetings are some of the most important economic indicators for the value of the dollar, and it is vital to follow such important information as it is released.

Information that is released by the central banks, whether it is by the Federal Reserve or the European Central Bank or even other international central banks, can have a very big impact on the markets, especially in terms of foreign exchange activity.

One of the most important pieces of information that is decided by the central banks is the current interest rates on the currency, which can affect carry trades, international capital flows, as well as rollover orders.

Also something that can move the market is when different regional Federal Reserve banks across America release different types of economic studies. This is actually a secret that I learned from one of my friends on Wall Street, because sometimes these types of studies are not available on an economic calendar and you need to look them up yourself.