Hi Guys,
I don’t understand sometime why the currency goes against the news though the data released in the economic calendar is in favor of it. For example from last two week I am watching the Crude Oil inventory on Wednesday, When it is increase it is bearish for crude, but still the crude price jumps up as soon as inventory increased. :17:
Hey, take into consideration that all the economic data that you see is available to any other “Small” trader in the world. Sometimes the opposite of what you would expect will happen. It may happen because some big traders and institutions have inside information and know it all before. The news are already included in the price, and those large financial institutions then take advantage of the official release in order to take their profits, and the prices go the other direction.