I gotta smile (
) when anyone puts forth "fundamentals" as a truely significant part of what drives forex PA from day to day.
Take a look at this EU M15 chart. Over 6 hours ago, the London PPMs pumped the price in response to a release. That release is now old news. But look what the US PPMs have done! That's right, they also pumped the price back to the same levels.
This is not "fundamentals" at work! This is the PPMs greed at work! The London PPMs decided to do something for profit. Much later, and not to be "outdone" by the London PPMs, the US PPMs did the same thing!
The only thing one can conclude, if they have even half a brain, is that either fundamentals change drastically by the hour, causing PA to first go up, then down, and then to go back up, or that the PPMs make price what it is, regardless of the friggin' fundymentals! And if one has a whole brain, they are realizing the latter to be more the truth than the former.
No doubt if terrorists nuked London, the PPMs would quickly do something to prices to either protect profits, or make profits. In that sense, yes, fundamentals come into play. But for the most part, while they are a "background consideration" to the PPMs, their formost consideration is making profits daily and weekly. They will use "news" towards that end, if "news" is available. Otherwise, they will simply move prices at will in order to make money, and no matter what the fundamentals currently are. And this is a good thing, because were it not the case the market would lack the volatility needed for good trading.
) when anyone puts forth "fundamentals" as a truely significant part of what drives forex PA from day to day.Take a look at this EU M15 chart. Over 6 hours ago, the London PPMs pumped the price in response to a release. That release is now old news. But look what the US PPMs have done! That's right, they also pumped the price back to the same levels.
This is not "fundamentals" at work! This is the PPMs greed at work! The London PPMs decided to do something for profit. Much later, and not to be "outdone" by the London PPMs, the US PPMs did the same thing!
The only thing one can conclude, if they have even half a brain, is that either fundamentals change drastically by the hour, causing PA to first go up, then down, and then to go back up, or that the PPMs make price what it is, regardless of the friggin' fundymentals! And if one has a whole brain, they are realizing the latter to be more the truth than the former.
No doubt if terrorists nuked London, the PPMs would quickly do something to prices to either protect profits, or make profits. In that sense, yes, fundamentals come into play. But for the most part, while they are a "background consideration" to the PPMs, their formost consideration is making profits daily and weekly. They will use "news" towards that end, if "news" is available. Otherwise, they will simply move prices at will in order to make money, and no matter what the fundamentals currently are. And this is a good thing, because were it not the case the market would lack the volatility needed for good trading.
, may be someone can help us understand ? its in post 
