Trading news events is not something a newbie should be doing (IMHO). You can find answers to your questions by searching - here and on google. But you do not have the experience to understand the explanations. This is not a slam on you - it's just that newbies dont have the point of reference to understand a fundamental explanation. Go to babypips.com and learn the mechanics of trading. -. The US Fed Reserve has pdfs located at:
All About...The Foreign Exchange Market in the United States - Federal Reserve Bank of New York
Read and study to understand the structure of the market.
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