beginner question about news

Hello

I have question that i cant understand it, at 11:30 there was news for UK, and it was bad so the GBP went down 36pip because (Claimant Count Change increased) , then after 15min the GBP went up !

my question is why the price go up , and how can i know that how many period that the news 'll effect !

Thanx

That's is the thing about news. More people buy, the price will go up. We not realize it because we just follow the movement but IF we are the one a big player who can control the market, we will do what we suppose to do.
Always people said the TA is to see where it move and where to stop. But FA is what trigger the move.
*correct me if i'm wrong

Why create yet another thread about this topic? Looks like everyone want the easy way out and to trade the news without actually learning how to trade Forex.

understanding economic indicators such as the one you mentioned is a never ending struggle. Just when u think u figured it out the rules change, and this can happen on a monthly basis. I'd say the cost of money is your best bet even for short term traders. Interest rates are probably the closest thing to a fundamental holy grail. Understanding the dynamics of this indicator together with TA should give you an edge when it comes to trading with the direction of the market.

But i'm afraid your gbpusd example is of low relevance because the indicator u mention simply is. The fact indeed is that the market is trending down lately because of the expectation of another Fed rate hike. Yes the gbpusd went up because probably short term traders took their profit, but only for the market to resume its "main" course down again.

How important an economic indicator is depends on what the major market players focus on and the demands of an economy.

You must also consider that the time span you are asking about is very short. 15 minutes. Simple market 'noise' can account for that move.

Lou

Pls, what is the meanning of TA,FA and EA I learnt one is for movement and the other is for trigger, Is it a software? I need help. Thanks

Hi,

TA -> Technical Analysis (analysis for charts, indicators etc)
FA -> Fundamental Analysis (analysis for fundamental news, correlation of currency pairs etc)
EA -> Expert Adviser (used for automated trading)

You will need a proper trading plan to trade regardless of movement or trigger. Please get yourself some basic knowledge for forex trading first.

Regards,
Dan