One of the most important aspects of timing forex market movements from a fundamental perspective is that rumors can sometimes have more effect than actual data. This explains why you will sometimes see large market movements before the release of fundamental news data.

As strange as this may seem at first, since all market movements are determined by buying and selling pressure then it only makes sense that if many people start thinking and trading the same way then the market will move, despite the impetus that cause people to think and trade that way.

When you are trading on a long-term basis and holding a certain position for days or weeks, many times what you may base your trade on is the stability of the actual country where the currency is located. In this way you would pick a currency the same way that you might choose a blue-chip stock, where you see stable growth potential in the long run.