Understanding how fundamentals affect the market

I’m having a hard time processing today’s PA in regards to USD. Both trade balance and unemployment claims came in worse than forecasted this morning, so I exited a long position I had held overnight on USD/CHF. Much to my surprise the pair shot upwards over the following couple hours and even broke a major resistance level on the 4hr.

To go along with the bad US news was positive trade balance for CAD, which seemed a great opportunity to short USD/CAD. But only a slight move down, then back up to last resistance level.

I’m brand new to this, so it comes as a bit of a shock. How often does PA ignore fundamentals like this?

Often.

It’s a funny game, and this is precisely why I don’t watch the fundamentals.

May be you should try to avoid the fundamentals and stick to the technical, or if you really want trade the fundamentals don’t trade before the news are released.