Market hypes before data are to make anticlimax - the climax is on now and visible...
From the week beginning the operators spread the rumor the FED rate cut will make the USD to weaken further in a big way.They also made very extended stop hunt for the start of the week as if the world will come to a grinding halt.But by the time traders understand that it was only a misguidance they corrected other majors all the way down and yesterday all were waiting for the FED announcement avoid taking positions.But the operators simply dropped other majors telling the decision is in line with the expectation.They created so much tension to the traders from the previousday and later discounted FED act simply.So the traders only lost their positions and trades.Now you can understand that the big players are only creating hype about the data release and create the market sentiments and act against the traders all the time.
Regards
Dr.Sivaraman
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