robert,
I never trade the news and discourage folks from doing so but remember - movement in the markets,
especially currency markets move due to traders reactions and reactions to fellow traders/banks, not necessarily the news releases and/or the time released.
Cheers
Quote:
Originally Posted by robertmc
I don't know if this is the best thread to ask this question but here goes... are we living in a bizarro world or what. I was watching USDCHF this morning, waiting for a trade and the news comes out that Nonfarm Employment Change was expected at 25k and came out at negative -63k (quite a dismal number). It's 2 hours after the announcement and USDCHF has gone UP! 50+ pips. I don't trade the news but I just don't understand why this happens and maybe somebody could explain it to me. This has happened several times and I just don't get it. Thanks in advance.
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