FYI:
CAD Unemployment Change: Up from 23.3 into 51.1
USA NFP Up from -4( 89 revised) into 110
FYI:
CAD Unemployment Change: Up from 23.3 into 51.1
USA NFP Up from -4( 89 revised) into 110
You men know how im is revealed through news releases? Well here's a perfect example... NFP was way better than expected (when considering revision), dollar reinforced, but ended up where it began. This informs us that a heap is are of dollar bears sitting around, trying to add to their position whenver the dollar reveals strength. I have a concept that governments/central banks dont trade around news time, meaning that this movement was caused by traders. Overall it says to me that the dollar bears are strong.
I simply found it intriguing GBPUSD was marketed from 2.05(2.0490 counts I believe if you have to wrap your orders about a figure -20 pips because you are so darn big) then 2.04 and bought again at 2.03.
I second the theory which governments/central banks dont exchange around news time.
Therefore That My 52 analysis applied to the CAD NFP.... Close, but close only counts in nukes and horseshoes... Garsh Darn It! Recount!
I find it fascinating that people attempt to assign order to seemingly random events.
And remember: arguably random events impose chaos or confer good luck upon seemingly interesting men and women.
I think that's how we devised science
But it is a rather intriguing phenomenon to observe in general(also in the regular ) =)
That reminds me of the definiton of http://en.wikipedia.org/wiki/Entropy.
(I'll put away my geek glasses today before I get beat up during recess)