According to FXFactory, the data remains unchanged~ at 0.2% while Forex.com predicts a relatively weaker digits at 0.1%...and same for all other datas that will be announced at the same time 8:30 ET.
"Quality means doing it right when no one is looking"
of course, should the data be weak, a selling on US would occur...later on the Chicago PMI we are looking for 55.0, which will surely bring some US back~
am I doing it right?
"Quality means doing it right when no one is looking"
Just an idea... Being that the Fed's tone was a bit hawkish in the face of some bad US data, do you think he may have known that the PCE number was not negative, as expected?
core PCE is in an up steady moves. but what worries me is the GDP of US if you see it has been weakenin from Q1 to Q3, then the upmove yesterday is just a corrective move.
1) when there are several news conflicting with each other
2) when a multi-data news came out with conflicting number. Some traders merely trade Estimate vs Actual, while some trade Actual vs Previous.
3) Doused reaction, A good US number on a USD bear trend can cause a whipsaw.
4) Insignificant news
1) when there are several news conflicting with each other
2) when a multi-data news came out with conflicting number. Some traders merely trade Estimate vs Actual, while some trade Actual vs Previous.
Ignored
Specially revisions in my opinion. In two last NFP that was the reason.
