Those who believe in fundamental analysis, explain this!

Discussion in 'Trading' started by tradingjournals, Jun 9, 2011.

  1. At this morning news release (about US) eur/usd went down, and AUD/USD went up. Since the news was about USD and no other news was released for the other two currencies, then how come that a news about the USD could be bullish in one case and bearish in the other?

    If you want my explanation, let me know. But let others take a try at it.

    Could someone post the price chart of both pairs between 8:30AM and 11AM?
  2. Erm, no other news? Might it be possible that you have overlooked that whole insignificant episode of an ECB meeting (I am referring to the press-conference, obviously)?
  3. Maybe you should include the EUR/AUD and learn how currency markets work.
  4. toc


    both fundamental and technical analysis are subordinates to the cyclical action of the prices. decipher the cycles of price and rest is a matter of supporting confirmations.

    :D :cool: :p

  5. No sense in both going DOWN, someone's gotta flow love to the tits.
  6. drm7


    There was a USD-related economic release, but EURUSD plummeted because of a press conference held by Jean-Claude Trichet at the same time. EURUSD traders did not like what he had to say.
  7. Banjo


    Look into forex triangulation to enhance your understanding.

  8. Fixed
  9. Could you expand on that a bit? In PM if more appropriate.