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Old 04-04-2008, 04:25 PM
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Maybe they were expecting something even worse.

Keep in mind market expectations. Traders have been looking at that report coming for weeks now - plenty of time to develop an expectation and position themselves for it.

Maybe they got the market reaction they were looking for - or didn't get the one they were looking for - and decided to get out.

Also keep in mind that news and such are not the only events that impact trader decision-making.
Last edited by rhodytrader; 04-04-2008 at 06:52 PM.
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Old 04-04-2008, 06:40 PM
 

Join Date: Apr 2008
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alright. Thanks very much
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Old 04-05-2008, 01:36 AM
FX-Men Honorary Member
  

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Here is my two pips worth to Monday morning quarterback what happened to the NFP. I'm glad I don't trade this stuff.

Long term fundamentalist that are looking for a true bottom were wanting the NFP to come out bad. In their efforts to catch a falling knife, Uncle Ben dropping the R bomb, and a bad NFP, they have found there so called bottom. So today they bought it up.

Any Opinions?
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Old 04-05-2008, 05:52 AM
 

Join Date: Feb 2008
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Traders knew news will be bad for US dollar and went long with Pound. Once news came in no one was left to buy and market dropped.
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