I'm still very much a rookie when it comes to forex. so far Ive bin materiality successful too. But i feel like im still missing some valuable knowledge that everyone else has access to. I don't know if its a news source or common knowledge that gos with the currency pair.
For example, trading the cable today with US's Core CPI. News reviled that it increased to .2%. higher then estimated. I shorted the pound only to get stomped out. I only then learned that was because of the UK's 'alot' higher then expected Retail Sales news released 4 hours earlier. Looking back it makes perfect sense that the UK news stole all the thunder from the CPI release. My newbie status got the best of me.
Another example would be one day before. The release of the PPI and Unemployment claims. I read quite a few news articles about the PPI. Not so much about the Unemployment claims. I thought that since the PPI gained more news coverage that it would triumph over the unemployment claims. As you know, that was not the case.
I feel as though im laking some very important information. From news sources to logistics of how much sertan aspects of news weigh against eachother. Would anyone be so nice as to share were i could learn more about this? Also, it would be very helpful if people would list were they go for news.
For example, trading the cable today with US's Core CPI. News reviled that it increased to .2%. higher then estimated. I shorted the pound only to get stomped out. I only then learned that was because of the UK's 'alot' higher then expected Retail Sales news released 4 hours earlier. Looking back it makes perfect sense that the UK news stole all the thunder from the CPI release. My newbie status got the best of me.
Another example would be one day before. The release of the PPI and Unemployment claims. I read quite a few news articles about the PPI. Not so much about the Unemployment claims. I thought that since the PPI gained more news coverage that it would triumph over the unemployment claims. As you know, that was not the case.
I feel as though im laking some very important information. From news sources to logistics of how much sertan aspects of news weigh against eachother. Would anyone be so nice as to share were i could learn more about this? Also, it would be very helpful if people would list were they go for news.