can anyone explain me? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Can anyone explain this ATR indicator 6 replies

Options can anyone explain the benefit to me? 8 replies

Can anyone explain resistance and support? 17 replies

Can anyone explain this indicator from DeMark to me? 7 replies

Can anyone explain the 200 ema system to me? 2 replies

can anyone explain me?

  • #1
  • First Post: May 17, 2007 7:53am May 17, 2007 7:53am
today at 8:30 two reports came out.

1) USA unemployment claims - it came 20 k lower than expected -->> good for dow jones.

2) CAD wholesale sales also came 1,9% (0,4% expected) --->>> CAD/USD should go up.

both went into wrong direction. dow jones went down and CAD/USD went down as well.

can anyone explain this

thx
  • #2
  • May 17, 2007 7:59am May 17, 2007 7:59am
Quoting reres
today at 8:30 two reports came out.

1) USA unemployment claims - it came 20 k lower than expected -->> good for dow jones.

2) CAD wholesale sales also came 1,9% (0,4% expected) --->>> CAD/USD should go up.

both went into wrong direction. dow jones went down and CAD/USD went down as well.

can anyone explain this

thx
My possible reasons:

1. Two conflicting reports on the same currency pair, signalling USD/CAD up and down at same time.
2. The market is waiting for Bernanke to speak.
3. They are not red reports, so not big market movers.

From what I can see, the pair hardly moved at all.
If it's too good to be true, it probably is.
  • #3
  • May 17, 2007 8:24am May 17, 2007 8:24am
small reports on no importance, and also confliction on usd/cad
  • #4
  • May 17, 2007 8:50am May 17, 2007 8:50am
Everyone is waiting one the fed!!!
  • #5
  • May 17, 2007 11:08pm May 17, 2007 11:08pm
Canada is also a big oil exporter and Oil went a bit nuts so that may have had an effect as well.
  • #6
  • May 17, 2007 11:34pm May 17, 2007 11:34pm
Quoting reres
today at 8:30 two reports came out.

1) USA unemployment claims - it came 20 k lower than expected -->> good for dow jones.

2) CAD wholesale sales also came 1,9% (0,4% expected) --->>> CAD/USD should go up.

both went into wrong direction. dow jones went down and CAD/USD went down as well.

can anyone explain this

thx
Cad/Usd did go up as expected. There were more good news for Cad than Usd so Cad won today.

As for the Dow .. who knows. But I do notice that often when there's a gain for Usd, the Dow go down. Record low dollar ... record high Dow. Weird...
  • #7
  • May 18, 2007 1:01pm May 18, 2007 1:01pm
Check the News and Analysis section:

http://forexfactory.com/forumdisplay.php?f=8
  • #8
  • Last Post: May 18, 2007 1:12pm May 18, 2007 1:12pm
Quoting reres
both went into wrong direction.
They went in the wrong direction because you have preconceived notions of where you think price is going to go. The first step to successful trading is not trying to predict where price is going to go.
Mr. Trend
0 traders viewing now