There are so many examples but particularly last few months I was monitoring forecasts of big major banks
For example recently I don't remember it was BOA or JP:
buy AUDNZD and currency dropped right that evening and today continues
GBPUSD lost momentum, expect drop, GBPUSD reaches new highs today.
We see USDJPY reaching 110, USDJPY drops then by 200 pips, April 4-7 (I recovered from huge loss by the way by betting on dropping USDJPY)
I have never read accurate forecast made by big names. Why it's happening?, please no conspiracy, I know they hire top finance specialists, economists, former FED employees, but still they fail in forecasts.
If they do it intentionally, what is argument behind? They want to lose their reputation just because of tricking few retail traders? I don't believe they do it intentionally. But yes their forecasts failings are surprisingly high, Even if they based their forecasts on gamble and nothing else and just throw dimes their forecast would have met actual numbers more often I guess.
For example recently I don't remember it was BOA or JP:
buy AUDNZD and currency dropped right that evening and today continues
GBPUSD lost momentum, expect drop, GBPUSD reaches new highs today.
We see USDJPY reaching 110, USDJPY drops then by 200 pips, April 4-7 (I recovered from huge loss by the way by betting on dropping USDJPY)
I have never read accurate forecast made by big names. Why it's happening?, please no conspiracy, I know they hire top finance specialists, economists, former FED employees, but still they fail in forecasts.
If they do it intentionally, what is argument behind? They want to lose their reputation just because of tricking few retail traders? I don't believe they do it intentionally. But yes their forecasts failings are surprisingly high, Even if they based their forecasts on gamble and nothing else and just throw dimes their forecast would have met actual numbers more often I guess.
kiss the trend