As an example, yesterday we got Fed Chair Powell speaking and (surprisingly) he triggered a selloff in the stock market even though he didn't say anything new. He basically repeated what he said two weeks ago. The move was probably driven by algos or some delusional traders hoping for a pivot.
You've probably noticed the same with the economic data in these last couple of weeks. The market hasn't been caring about it because it's old news. It reflects conditions before April 2 and April 9, and because it doesn't change Trump's or Fed's policy. A big spike above cycle highs in the Jobless Claims data for example, would be fresh news because the market would start to build expectations on potential reaction from the Fed.
For a trader, being able to distinguish what is tradable information and what's not is very important because it prevents overtrading and encourages capital preservation. Remember that making money in the markets is easy, but being able to keep it and grow it is where the real skill stands.
This article was written by Giuseppe Dellamotta at www.forexlive.com.Hence then, the article about a lesson on trading old news was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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