When Good News Is Bad News | Crypto Craft

  • When Good News Is Bad News

    From orbex.com

    On Friday, US Non-Farm Payrolls came in over twice what was expected. The unemployment rate dropped as well, if only by a decimal point. Yet US stocks (as measured by the S&P 500 and Nasdaq) dropped. Why would it be a “bad” thing for US businesses that more Americans have jobs, and have more disposable income? This is a recurring phenomenon in financial markets that can disrupt trading strategies. It’s not exclusive to the US. in Europe, indices have been responding differently, but that could change. Since there is a direct correlation between equities, commodities, and forex, this could affect us currency ... (full story)

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santafee
Aug 8, 2022 5:39pm
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hmmm, seems like the market wasn't watching that bit of news, or is it that bit of news just doesn't weigh as much as it used to weigh... or is it that bit of news doesn't way as much right now as it should weigh... so confusing... oh, god, i wish i had some expressive emojis... oh wait... it just hit me.. someone forgot to turn on the employment news bots... yea, that's it....
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mattevanoff
Aug 8, 2022 12:05pm
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Exactly. All news is good news
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Trader#A4E7
Aug 8, 2022 8:56am
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good news are not bad at all if you are a professional trader. It's all about correct timing and entry into the market.
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