My understanding is that economic/political decisions move the markets.No bank or political entity has complete control on a global scale. Therefore, even these do not always know which way the markets will go.
unless Warren Buffet decides to move a few billion dollard across the ocean....then he moves the market
However, there are experienced, successful traders who know
the significance behind the fundamentals and how they interrelate
to sectors of the economy and currency markets. Having gained knowledge through experience, these ones merely use chosen indicators in conjunction with their broader based knowledge to accomplish their trading objectives. Indicators are thus used by them, if at all, as an adjunct not as a predictor or prime mover. I would like to see more of the experienced traders here explain these fundamental correlations.
i agree there are lots of successful traders out there. And i would also like to learn more about analysis and fundementals. Cause two weeks ago lots of experts where concerned on CNBC that the US economy is slowing down at rapid pace. Existing Housing Sales went down, New Housing Sales even more thus creating more unemployment. Retail sales werent good. GDP and CPI figures werent all that good. All in all it was the worst 1st Quarter in a long time for the US economy. So one would think that dollar was gonna get weaker especially after relative good Euro news. But on thursday the dollar made a come back gaining around 100pips. Can anyone explain that to me?
Just to get back to technical analysis again. My opinion is that people get so focused on their indicators (which is mostly lagging) that they forget about the bigger picture and common sense
[/quote]
unless Warren Buffet decides to move a few billion dollard across the ocean....then he moves the market
However, there are experienced, successful traders who know
the significance behind the fundamentals and how they interrelate
to sectors of the economy and currency markets. Having gained knowledge through experience, these ones merely use chosen indicators in conjunction with their broader based knowledge to accomplish their trading objectives. Indicators are thus used by them, if at all, as an adjunct not as a predictor or prime mover. I would like to see more of the experienced traders here explain these fundamental correlations.
i agree there are lots of successful traders out there. And i would also like to learn more about analysis and fundementals. Cause two weeks ago lots of experts where concerned on CNBC that the US economy is slowing down at rapid pace. Existing Housing Sales went down, New Housing Sales even more thus creating more unemployment. Retail sales werent good. GDP and CPI figures werent all that good. All in all it was the worst 1st Quarter in a long time for the US economy. So one would think that dollar was gonna get weaker especially after relative good Euro news. But on thursday the dollar made a come back gaining around 100pips. Can anyone explain that to me?
Just to get back to technical analysis again. My opinion is that people get so focused on their indicators (which is mostly lagging) that they forget about the bigger picture and common sense
[/quote]