Open trading account 
The US saw negative numbers released today, yet we saw the USD rally. The numbers were not just marginally bad, they were really bad. significant deviations from expectations across the board.
Often it's during news releases that we get a strong indication of where exactly the major players are positioning. Often, by careful analysis we can see that a currency should have sold off slightly more, or that a rally should have lasted a bit longer, but small signs of what the big players views on the market are.
Today's price action, was a blatant display of bullishness in the USD. The bearish price action in the currency was reversed in slightly over 5 mins after the news release. The rally continued from there as well.
It is likely that the major players utilized the liquidity (and/or stop losses) triggered by the event to create their positions.
In the short term, this may not give any clear trading ideas, but it does give a general feel of market sentiment in the weeks to come.
Often it's during news releases that we get a strong indication of where exactly the major players are positioning. Often, by careful analysis we can see that a currency should have sold off slightly more, or that a rally should have lasted a bit longer, but small signs of what the big players views on the market are.
Today's price action, was a blatant display of bullishness in the USD. The bearish price action in the currency was reversed in slightly over 5 mins after the news release. The rally continued from there as well.
It is likely that the major players utilized the liquidity (and/or stop losses) triggered by the event to create their positions.
In the short term, this may not give any clear trading ideas, but it does give a general feel of market sentiment in the weeks to come.
