Hi everyone,
Well I made the mistake of trying to trade using mostly the fundamental announcements today only to be reassured that they mean absolutely nothing when it comes to trading. How is it that major US announcements result in the USD dominating pairs (EUR/USD, USD/CAD...) ? Why would this happen? It just doesn't make any sense. There has to be reason for this. I can't seem to think of one other than collusion. The market movers having an understanding that should major announcements be one thing, they jump in the other way, drive the price, then as everyone piles on, they trip and reverse.
Well I made the mistake of trying to trade using mostly the fundamental announcements today only to be reassured that they mean absolutely nothing when it comes to trading. How is it that major US announcements result in the USD dominating pairs (EUR/USD, USD/CAD...) ? Why would this happen? It just doesn't make any sense. There has to be reason for this. I can't seem to think of one other than collusion. The market movers having an understanding that should major announcements be one thing, they jump in the other way, drive the price, then as everyone piles on, they trip and reverse.