It was needed to perform the bearish market move rather than mean something surprising other than "it was above the expectations", I guess.
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DislikedProducer price index ahead of us... I believe the released percentage will be higher than the expectation (just like yesterday with the consumer price index). Thus we can expect a blitz test of the badass support. If it cracks, off we go downwards. And if it fails then bears will have nothing left but admit defeat and let bulls do their Gartley finalization job.Ignored
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DislikedOkay guys, let's get back to EUR/USD, enough German, shall we? Can anyone explain to me why PA has reacted the opposite way for the same kind of macroeconomics figure, with pretty much the same "better than expected" values? I am starting to believe that these releases are important, but probably just as triggers of the tendency market would have anyway... Comments welcome.Ignored