1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

China's GDP data does warrant the attention

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Outlook: On Wednesday the market overreacted to low retail sales data and trashed the dollar, and on Thursday the market overreacted on high CPI data in the other direction, causing an outsized dollar gain. This is not the Big Picture overshooting that economists talk about, but rather overshooting from frayed trader nerves. And traders have good cause to feel disoriented and confused by a lack of guidance from the Fed. Yesterday NY Fed Dudley came right out and said he doesn’t know if we will

    Continue reading...
     

Share This Page