This is the key data day everyone has been focused on, US CPI and Retail Sales. Be prepared with this
A Detailed Preview….
Yield 4.445% | 5:05 PM EDT
at the low of the day
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hahaha jerome went to great lenght to try to insist that the FED is independent of politicals
and that it is highly highly important that markets believes it
good thing the same Q was not asked about yellen’s department
quess who is rubbing hands with glee at the sight of 4445 yield today
There is more to currency intervention than just a central bank buying its currency. It can have another impact that you should be aware as explained in…
How Can Currency Intervention Impact Trading – You May Be Surprised By the Answer.
ow Can Currency Intervention Impact Trading – You May Be Surprised By the Answer.
There is one thing I want to point out Michael – we are all so much lulled in short runs up and down in last almost year and half, that everyone now expects yet another turn around…
I am afraid once that dream is broken most will get killed….and I am always on the lookout for it.
Right now it smells funny…so my antennas are straight up 😀
Of course I’ll be the first one to jump on the Bearish wagon, but ….
It may seem obvious after today’s whipsaw reaction to a hotter US PPI but it pays to remind yourself that it is not the news but the reaction to news that matters.
[Forex Trading] DUH! Reaction to News is What Matters
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