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Stupid Question about News Trading!

  • #1
  • First Post: Oct 22, 2007 7:13pm Oct 22, 2007 7:13pm
Hi:

I am new to news trading!
In factoryforex calender, i have many news without ACTUAL or FORCAST value.

For example: "ECB President Trichet Speaks" for EUR (23 Oct 2007) have no ACTUAL or FORCAST value!

How we identify its value? OR what we can predict from it?
  • #2
  • Oct 22, 2007 9:04pm Oct 22, 2007 9:04pm
Quoting burhan
Hi:

I am new to news trading!
In factoryforex calender, i have many news without ACTUAL or FORCAST value.

For example: "ECB President Trichet Speaks" for EUR (23 Oct 2007) have no ACTUAL or FORCAST value!

How we identify its value? OR what we can predict from it?
Untill FF has a clear Indication of what Trichet {Bernanke et al} is EXPECTED to say, there is no formula that can predict the effect on the Market IF They say what is Expected {which they try to avoid}. It is a matter of "How Far From "Market Centre" do they Perceive they have to be.

Yeah... right...
Work those variables and see if that makes you a better NEWS Trader.
Better just to React to the News as opposed to Predicting it.
IMO
  • #3
  • Last Post: Oct 23, 2007 4:16am Oct 23, 2007 4:16am
Quoting burhan
Hi:

I am new to news trading!
In factoryforex calender, i have many news without ACTUAL or FORCAST value.

For example: "ECB President Trichet Speaks" for EUR (23 Oct 2007) have no ACTUAL or FORCAST value!

How we identify its value? OR what we can predict from it?
With the central bankers, listen to what they say. If they are hawkish in what they say it's usually a bullish sign, or dovish a bearish sign. I know Trichet likes to use the term "strong vigilance". When he uses this phrase it has often been his way of saying "Next time I will probably hike".
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