Hi guys,
As mentioned in the title, What do you guys think about the AUD unemployment today ? Is it worth it to trade the news ? The forecast is 6.2% which is 0.1% higher ? So how would this affect the pair ? My interpretation is the pair will go bearish after the news released? Please let me know if I am wrong.
Thx
Good Luck trading
When trading news, I believe there are many other factors to consider. COVID19 market moves shows that sometimes items on the economic calendar don’t matter because there’s something else out there that is driving flow.
My experience has taught me that many times, price moves before the fact.
Having a probabilities based process helps not to overthink things.