Quoting Trader1580Dislikedlast housing report was good news for the dollar.
just to make it clear, because of the fact that the USD is going lower, it will make the same items that are imported cost higher and thus the US would rather manufacture it themselves or not import it. Thus, this will help the trade balance to be a little better than expected thus good news for the dollar?Ignored
when we talk abt forex, 100 or 1000 pips is nothing really to the real currency outside.
but i must agree 1000 pips for us traders is like wow.
forex is all about jduging the sentiment and speculation. the actual fundamental takes awhile before really reflected in the currency.
so, i guess to be rich one shud be friends with the rich? because together they can alter the 100++ pips up or down.
just like the banks.