MoneyTec Traders Community Forum - View Single Post - Most (if not all) Fundamental analysis is a waste.

TraderABC · 29-08-2005, 21:15

On Friday APril 1st (oops I made a typo... I was sleepy at the time of making this post),2005, highly pound positive and dollar negative news came out... Fundamental analysis was screaming SELL USD! Buy pound, yet price moved higher....

(CIPS manufacturing index) In Great Britain for march was 52.0 (previous values werechanged from 51.8 to 51.6). Oil price in NY rose by 2.40 dollars to 57.70 a barrel, a 21 year high. Non-farm payrolls in USA for was lower... Michigan sentiment index fell... US indexes have felt... But FTSE 100 (British stock exhchange index) has risen.

This has happened often....

also on 13.05.2005г. on GBPUSD , USD has risen from 1.8583 to 1.8481 (100+ pips) just in NY session when there were NEGATIVE news in the US. Similiar with Cad, and USD/JPY has risen due to NEGATIVE DOLLAR NEWS on that day....

29-08-2005, 21:15	#1
TraderABC level 3 Join Date: Jun 2005 Posts: 342 Downloads: 0 Uploads: 0 Rep Power: 4	Most (if not all) Fundamental analysis is a waste. On Friday APril 1st (oops I made a typo... I was sleepy at the time of making this post),2005, highly pound positive and dollar negative news came out... Fundamental analysis was screaming SELL USD! Buy pound, yet price moved higher.... (CIPS manufacturing index) In Great Britain for march was 52.0 (previous values werechanged from 51.8 to 51.6). Oil price in NY rose by 2.40 dollars to 57.70 a barrel, a 21 year high. Non-farm payrolls in USA for was lower... Michigan sentiment index fell... US indexes have felt... But FTSE 100 (British stock exhchange index) has risen. *This has happened often....* also on 13.05.2005г. on GBPUSD , USD has risen from 1.8583 to 1.8481 (100+ pips) just in NY session when there were NEGATIVE news in the US. Similiar with Cad, and USD/JPY has risen due to NEGATIVE DOLLAR NEWS on that day.... Attached Thumbnails Last edited by TraderABC; 30-08-2005 at 09:09..