Hello,
I never trade the news.
However I have a question because some times I just put some play money on the line just to see what happens.
I see that today at 8am there was the "CB Consumer Confidence".
The number was lower than expected.
The comment in Forex Factory says
"Actual > Forecast = Good for currency"
The number was
"Actual < Forecast" so I'd think it's Bad for currency, so EUR/USD should go north.
However it's going south in a very strong movement.
PLEASE post only if you know what you're talking about. Please don't "try to explain" with phrases like:
- Fundamentals are not to be believed.
- The crowd's behavior is erratic.
- The market is triggered by the news but nobody knows it's results.
or any of those cheap philosophic phrases. If you don't trade the news or don't know why this happens, please save your phrase-from-a-book. If you don't trade professionally please omit your comments.
If you know what you're talking about (CB Consumer Confidence's impact on EUR/USD) I'd really appreciate an explanation.
Thanks in advance.
I never trade the news.
However I have a question because some times I just put some play money on the line just to see what happens.
I see that today at 8am there was the "CB Consumer Confidence".
The number was lower than expected.
The comment in Forex Factory says
"Actual > Forecast = Good for currency"
The number was
"Actual < Forecast" so I'd think it's Bad for currency, so EUR/USD should go north.
However it's going south in a very strong movement.
PLEASE post only if you know what you're talking about. Please don't "try to explain" with phrases like:
- Fundamentals are not to be believed.
- The crowd's behavior is erratic.
- The market is triggered by the news but nobody knows it's results.
or any of those cheap philosophic phrases. If you don't trade the news or don't know why this happens, please save your phrase-from-a-book. If you don't trade professionally please omit your comments.
If you know what you're talking about (CB Consumer Confidence's impact on EUR/USD) I'd really appreciate an explanation.
Thanks in advance.