Enlighten Me

NZD rate decision did not change the 23/4/08 yet the price changed 50 pips in 30 min.
How come?
I thought that there is a price change if there is a difference between previous occurence and present ones.

Thank you!

The market wanted a [B]SURPRISE[/B] for that level to continue to hold and got a boring ole expected.

Change your thinking to:

There is a price change if there is a difference between [B][I]actual[/I][/B] and [B][I]expectations[/I][/B].

Yeah, sometimes NO news is [B]BIG[/B] news :smiley:

You can never predict any market 100%, and you never know what news will have what kind of an impact… sometimes even good news can cause bad effects :confused:

That’s why I tend to just ignore the fundamental side of things and just go off of technical analysis.