Jump to content

Recommended Posts

If the 4 major US economic data came out today is no where near as good, why is the GBP is sinking from the time US data came out and continuing at the moment ? I cannot find any reason though I have been skimming the internet from about 1.30 pm, when the slide begun.

Link to comment
  • 2 weeks later...

This is rare but is not abnormal.

the data has direct impact and also future concerns. 

the overall impact is determined by the market participants. so, the same data can produce very different (up/down) views on the specific pair. now GBP/USD

 another reason: the market is not always rational. just follow the trend and accept what happening on market is the objective approach. you may find the answer in the following video.


Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 22/09/23 03:49
  • Posts

    • Additionally, you can explore SMM services, which offer the cheapest instagram comments and followers. This can expand your audience and drive traffic to your website through your Instagram page. By diversifying your approach, you can strengthen your online presence and attract more users to your site. 
    • Some indices in Asia saw a modest rebound, but the ASX200 and Nikkei continued to fall, following on from yet more heavy losses in the US. Stocks continue to take a battering from the realisation that the Fed would leave US rates at their current levels for a longer period than previously thought, leading to a reversal in equities and a resumption of the losses seen in the early part of September. Today's data is dominated by flash PMIs from around the globe, in the wake of a Bank of Japan statement that left policy unchanged and maintained its dovish outlook. While US futures have recovered slightly, European markets seem set for a choppy open.  
    • Howw? What's the cirteria? Sorry, I was out of the market because of my exam! 🥲
  • Create New...