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  • Treasury, Currency Traders Can Do Well Without Forward Guidance

    From zerohedge.com

    Policy makers in a much-overlooked corner of the world made a bold and telling statement on Thursday: the Swedish central bank raised interest rates, sparking optimism about the krona. In itself, that doesn’t sound like a big deal. But there is more to the increase than meets the eye. While a hike was eventually expected, the timing of it was a surprise. For, just at the previous meeting in February, the central bank had offered this guidance: The forecast for the repo rate indicates that it will be raised in the second half of 2024, which is slightly earlier than in the assessment in November. From there, the ... (full story)

I enjoy the zerohedge site. Providers occasionally step down off their high horses and provide some real meat truth how things work.

I fully agree that currency traders can do well without "Forward Guidance".

I also feel we can all do well without "news" that flaunts it's barely hidden contagious bias.

Some say Price Action is King. Those that do, should reign in their own horse for a moment and ask "Is there a Queen?" There is. And anyone truly open minded should then be wondering who, King or Queen, is wielding the most power?

The Queen is Volume. She is the only indicator of what is happening....other than the King.....that isn't a false "Forward Guidance". And she is the only one of the two that isn't manipulated by the Market Makers!....HTMRW.
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  • Posted: Apr 29, 2022 3:02pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 1  /  Views: 646

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