Central Banks: a study of policy and effects
Trading in the Forex market is not a plain sailing. It requires lots of energy and knowledge. Like any other professional a trader has to know everything about his “craft”. So, it is probably a good idea to familiarize yourself with the monetary policy of major central banks.
To get a good grasp of any central bank’s policy, you need to know its main objectives, basic tasks, the schedule and agenda of its meetings. In addition, you need to be able to predict the possible impact of its undertakings on the future value of the affected currency.