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How to Watch Price Reaction to News Releases to Determine a Currency Pair’s Sentiment/Direction
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Registered Users:
46 users
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Start: Sep 02, 2010 11:00AM GMT
End: Sep 02, 2010 12:00PM GMT
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In Part 3 of a four part series on trading sentiment, Kris Matthews reveals how to use the power of economic news releases to indicate the market’s true sentiment. Most traders avoid the news because it’s volatile, or only believe it has a short term effect, but the way price reacts technically to surprises in news events can give you information beyond what’s on the chart alone and allow you to avoid deadly traps.
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