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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The course that i'm study atm has explanation that sound resonable to me.They say Market make a news not a news make a market and they explane:
If we have a strong market and bad news come but market still get strong that mean that market all ready know this news and this can't move it from his direction.In case that good news come to a strong market news weight amplify cause it just confurm a strenght of market and give it more fuel.Same refer for a weak markets.
You need to know on what kind of market you are at moment if you know main direction of matrket that you trade you can be calm about news.
Remember ? Trend is your frend
Trend is direction of a market.
Best Reguards
Vladimir.