DislikedHey Gator I got the fact that things for the Euro tanked because there was a rumor of a discount rate hike by the fed , and all the news about Greece semms like the same ol same ol.. so why are we still stuck here at 1.3608 shouldn't we at least go up to th mid 20's or 30's?Ignored
News after the fact is usually just reporters trying to find reasons for a move...
Let's say we're in a downtrend and it hits a key level for a pull back/retrace: You'll hear news stories about how X currency is gaining strength due to the fact that X happened today.
They make stuff up to justify what the markets HAVE ALREADY DONE but the truth is they really have no clue. I would not make it a habit to listen to financial reporters, they're writing about trading because they don't know how to trade.