Disliked{quote} News events have the potential to instantly change the views of market participants about the price at which a particular currency pair should be trading. For example, take a look at the chart below which shows the market reaction to the Nonfarm Payrolls report on March 8, 2013. {image} GBP/USD dropped from 1.50361 to 1.49972 in one tick. Yes one tick! That means there were no prices quoted by the liquidity providers in between those prices. That's because they didn't want to take the risk of placing a bid in the market at a higher price....Ignored
- | Additional Username | Joined Mar 2012 | 2,539 Posts
When the Joker is in the deck.. fear not and play it well