Hi guys, I realise this isn't strictly a Forex question, but i can't find the answer on Google so i thought i'd turn to here for some help.
I've only been trading Forex for just over 6 weeks (so i can't conclusively state this as fact) but in that time i've often noticed the following:
After a news release (positive or negative) GBP/USD will either strengthen or weaken AND often the DOW will also do the same. This doesn't seem to make sense to me, because if GBP/USD strengthens (more $ to the £), then the DOW should theoretically weaken because USD is not as strong as it previously was. I'm assuming that if USD has weakened, then so should the DOW - this seems to rarely be the case though.
Can anyone shed any light on this?
dirt.
(Apologies if this is in the wrong thread section.)
I've only been trading Forex for just over 6 weeks (so i can't conclusively state this as fact) but in that time i've often noticed the following:
After a news release (positive or negative) GBP/USD will either strengthen or weaken AND often the DOW will also do the same. This doesn't seem to make sense to me, because if GBP/USD strengthens (more $ to the £), then the DOW should theoretically weaken because USD is not as strong as it previously was. I'm assuming that if USD has weakened, then so should the DOW - this seems to rarely be the case though.
Can anyone shed any light on this?
dirt.
(Apologies if this is in the wrong thread section.)