i am trying to learn about the impact of news on currency.
today i saw USD news ( New Home Sales ) was good. currency of USd rose for 7 minutes then it crashed down.
what is the explanation for this? should the USd not rise further?
or does it has something to do with Crude Oil Inventories at 4.8M ?
or has it do with FOMC Statement and federal funds rate news still coming up?
or anything else? what did i miss. why did the USd dollar not rise while New Home Sales news was good?
thanks in advance
today i saw USD news ( New Home Sales ) was good. currency of USd rose for 7 minutes then it crashed down.
what is the explanation for this? should the USd not rise further?
or does it has something to do with Crude Oil Inventories at 4.8M ?
or has it do with FOMC Statement and federal funds rate news still coming up?
or anything else? what did i miss. why did the USd dollar not rise while New Home Sales news was good?
thanks in advance