as a Trader it is absolutely important to stay on top of the big stories even if you rely primarily on chart reading and technical analysis because there's nothing worse than being caught off guard by something that everyone else in the market was anticipating hello everyone I'm Kathy lean and in this video I'll walk you through my 10 minute fundamental analysis routine we follow this routine every single day when we hunt for our ZIP traits yes that's all it takes 10 minutes to get all of the big stories and understand the context for Price movements now if you want to take more time and deep dive into some of the current market issues that's awesome but it's not necessary to get what you need to start trading so the very first thing that you want to do when you start your day is to look at the economic calendar figure out what was released overnight and what is expected in today's session so my favorite economic calendar you know partly because I helped build it was the daily FX calendar and the reason why I like it is because it's very comprehensive it pretty much includes everything that you know that is going to come out come out that you need to now including speeches and other you know votes and big events so every single day when I start my trading day I will pull up the economic calendar and I'll look you know usually U.S data hasn't been released so I'll look overnight to see I'll scroll down what economic reports were released you know in New Zealand China Australia Japan anything that I needed to know and so I'll scan that to give me a sense of whether data overnight was supportive or um you know hurt the currency then I'll look at what's came out during the European session and in this day there was nothing during the European session but you know there may have been something from the Eurozone or from the UK that was important to pay attention to and I'll look at what is coming out for the day and usually when we look at the economic calendar you know there's some releases from the US that will you know in this specific day there was non-farm payrolls that will tell me whether or not you know I should be avoiding US dollar trades or you know it doesn't matter because there's nothing ahead of me that I could be sad sabotaging my trait now that's where you would look for economic data and the calendar as a whole even if you're looking forward to a week you know there's a lot of information here that you can get a sense of not just you know what is coming out today but what is coming out in the week ahead because sometimes you know if you have an offline pays report that could be something that the Market's thinking about for the whole day sorry for the whole week so even though it may only be happening on Friday it could be something that drives Market flows throughout the week and that's also true of central bank rate decisions but in terms of speed when the economic number comes out you know where to get the fastest News Daily FX is not your fastest resource um my FX book has a good calendar on that uh updates pretty quickly and also Forex Factory um has a good calendar that also um updates pretty quickly as well but and I'll show you this to you in a second um but I would have to say you know the Forex Patcher calendar also updates quickly especially for the key reports but I have to say you know the most um the most important resource for trading is really Twitter and we'll talk about that in a second because any piece of economic data that comes out usually is updated um the quickest on Twitter and not only that usually there's context so for example I'm going to show you my tweet deck for a second and you know we're going to skip ahead um to what we're looking at we're going to talk about later but here as soon as non-farm Heroes came out where my mouse is hovering the number came out you know within a you know a seconds of the release and you got the headline number you got the unemployment rates so that really is all you need you don't need another resource um so you know if you're looking for Speed in terms of economic data release I would turn to Twitter so the back to what I was talking about the first thing I do in the day is I check the calendar to find out you know what was released and what is expected to really released then I will check my charts I will check to see you know what is the equity market doing what is the bond market doing um and you know which are the the strongest currencies which are the weakest currencies and you know you can find that I like to use trading view I should have had this up already but um I have multiple computers so you know I just look at trading view on my watch list here um I'll look you know quickly what are Equity markets doing what are Dow futures doing I'll look at see you know what's the best performing currency you know right now this point you can see um dollar yen is the best performing currency but on this given day Aussie dollar was actually the strongest starting the New York session but the first thing I'll do is look at the calendar the second thing I'll do is get a sent away the market sentiment is by looking at the charts is it risk on risk off and that and the equity Market will tell me that are we Pro dollar we anti-dollar U.S treasury yields will tell me that and then which currencies are underperforming outperforming and simply the percentage change um in the chart the third thing I'll do is I will turn on my tweet deck and you know if you're a Trader there's nothing more valuable than um tweet Tech it's a completely free resource just go to tweettech.com and attach your um Twitter account and when you attach your Twitter account you can um create these different feeds so this is my aggregate feed of all the feeds that I follow and then I create columns for people that like if you like me you can create a column for me but I feel like you know if you're a Trader and you're looking for Speed and comprehensiveness in resource and information you should be following Forex live new squawk investing calm I'd like Zero Hedge even though Boris you know has a very strong opinion about you know their political leanings Reuters is also very good and um you know some other resources that you can use but I feel like you know these are the most important reason sources that you can have when you are trading and I actually have my tweet deck on and open throughout the course of the day so the first thing I'll do is I'll check my calendar for what was released and what's expected the second thing is I'll get a sense of Market sentiment by looking at the charts the third thing I'll do when I start my day is I'll just scan the Forex live headlines to make sure that I am aware of you know all of the big events and stories that are um look you know they're tweeting they're retweeting me here some of the events in stores are happening like for example um you know I don't see this right now but sometimes um overnight you know European officials like ECB president Lagarde may say something and you know Forex live will definitely pick it up if it's important they will cover it so I feel like you know all you really need is just to scan the fork Slide the headlines which takes you know just a minute or two um scan the um New squawk headlines although they're very much more focused on stocks and then investing calm although investing comp doesn't really update until the New York um open sometimes you'll get some valuable information here and I personally really like the comprehensiveness of Zero Hedge so I like to scan this as well so the third thing that I'll do when I start my day is I'll go through all of these um feeds quickly I'll ignore my aggregate fee because it concludes a lot of BS stuff that I follow like boarding area for mileage um uh hacks and I'll just focus when I'm in my Trading Zone I'll focus on these three feeds and then Reuters to get you know my my top news headlines I feel like I need to be aware of and then I'll also check the major news websites like cnbc.com is a really good news website for all of the um major themes like you know Dow soaring when I woke up this morning it said you know Senate approved the debt deal and you know some of the major big topics that that you should be aware of and then I also really like bloomberg.com and wallstreetjournal.com and some people like MarketWatch but if you kind of just look at the headlines overall you know you'll you'll get a good sense of you know what everyone thinks is the big story that you that the market is paying attention to and you should be paying attention to for the day so just glance to the headlines you don't even need to really look through at read the article because usually the headline says it all but if you want to look at the article you know kudos to you you're doing a much better job in a deeper dive but if you're just following this 10 minute routine then scan the calendar look at the charts to see what where Market sentiment is look at tweetdeck to make sure you haven't missed any breaking comments or news that won't be covered by the major mainstream like you know CNBC or MarketWatch is not going to say Lagarde says they need to continue to raise interest rates which you know could be the reason why euro is stronger but you know tweet Tech Forex lives will cover that and lastly I will share with you my personal favorite is I and what I spend the most time on is I spend the most time on reading my good friend Mark Chandler's morning piece and he usually posts around 6 a.m so by the time I'm ready to trade he's already posted and he creates um he writes a very very deep article covering everything I think you need to know about Market fundamentals for the day and I highly encourage you to read him this is probably the most the biggest part of the 10 minutes should be spent you know reading his article and you're skimming you know the bolded headlines to the sections that you want to read because he will cover everything that I think is valuable to know and also give you the correct interpretation of um what you know you should take away from those events after completing all the steps in this 10 minute routine you'll have a deeper understanding of the context driving the day's price movements this includes recognizing the Catalyst of certain currencies of outperforming others and understanding why the market may be overlooking a significant piece of data in favor of a broader narrative you can also use this information to decide whether to take or pass on a trade if there's a big event on the calendar coming up you may want to wait for that to happen before taking on a position also big stories can introduce more volatility in the market so you may want to adjust your risk management accordingly in the world of trading information is power staying ahead of the curve by being well informed about the big stories gives Traders a Competitive Edge and everyone can use an edge when it comes to trading I hope you enjoyed this video if you like it let me know in the comments below don't forget to hit the Subscribe button our Channel and the alert button to be notified of new posts also if you want to trade with me every day and learn how I use fundamental tools to trade check out the links below