Quote:
Originally Posted by broberson
This has happened to me over and over again. I’ll see a positive report come out and theoretically that country’s currency is supposed to move higher with the report, but instead the market actually brings the currency down. Can anyone explain this? Is there something I’m missing?
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Hahaha…sorry I’m not laughing at you, I’m laughing with you because this has happened to me to. I’ve heard the saying, “Buy the rumor, Sell the news” but I’m not exactly sure what it means. I just know it has something to do with this phenomenon. I’d also like to hear an explanation on this.