USD, TIC Net Long-Term Transactions

[jawad4u]

the actual for USD's TIC Net Long-Term Transactions came at 115.1 B from the forecast of 63 B ,, that meant that USD should have been stronger, but instead we saw a completely opposite impact on USD it continued to weaken with a great deal , Can anyone explain what happened, why did it move opposite to the news?
Best Regards.

[akeakamai]

Originally Posted by jawad4u

the actual for USD's TIC Net Long-Term Transactions came at 115.1 B from the forecast of 63 B ,, that meant that USD should have been stronger, but instead we saw a completely opposite impact on USD it continued to weaken with a great deal , Can anyone explain what happened, why did it move opposite to the news?
Best Regards.

I looked at the EUR/USD chart for about the time the data was released and noticed that it was in a strong uptrend since many hours before the TIC data. There was a small reversal coinciding with this news, so it did have some effect. Also the Empire state business conditions report came out VERY negative, which is frontline news on the state of industrial production, and that alone could likely negate the strong TIC data.

Just remember that you can't expect a news event to cause a reversal, it has more impact when it enhances the sentiment already held by the average investor. Some things, like interest rate decisions, DO have the ability to cause massive reversals, so I just want to clarify that it's not impossible.

[jawad4u]

i was watching the chart for e/u as well i placed my trade as soon as the news came i didnt see any affect on it by the news, it was not that strong uptrend before the news,, after the news came it just boosted the uptrend further, where as it should have caused it to move down for about 20~25 pips.