Hi everyone,
I thought I already knew a lot about the Forex markets, but it seems I'm wrong: for example with EURUSD, EUR is the base currency, USD the quote currency.
If the US economy is _stronger_ than the EUR economy, we expect EURUSD to go down, right? Because with time, you get less and less USD for 1 EUR.
Anyway, today was NFP and some other US news, and the numbers were good:
Yahoo Finance: https://finance.yahoo.com/news/april...l?guccounter=1
So why then did EURUSD go UP this afternoon during the news? And GBPUSD too. Is it because the expectations of the financial analysts were higher than the actual numbers? So despite the good US economy numbers, it still was a disappointment?
I thought I already knew a lot about the Forex markets, but it seems I'm wrong: for example with EURUSD, EUR is the base currency, USD the quote currency.
If the US economy is _stronger_ than the EUR economy, we expect EURUSD to go down, right? Because with time, you get less and less USD for 1 EUR.
Anyway, today was NFP and some other US news, and the numbers were good:
Yahoo Finance:
QuoteDisliked"Job creation smashes expectations, unemployment rate falls to 49-year low"
So why then did EURUSD go UP this afternoon during the news? And GBPUSD too. Is it because the expectations of the financial analysts were higher than the actual numbers? So despite the good US economy numbers, it still was a disappointment?