while making a back test on 1H (GBP-USD) chart, i found a strong contradiction between issued economic news & the graph movement, especially at 14-NOV-2007 15:30 (GMT+2).
the three issued news were so important and should drag the dollar price down, but unfortunately, every thing goes in the opposite direction (UP). the three economic news are:
-PPI m/m
-Retail Sales m/m
-Core Retail Sales m/m
Note: the news result were RED, but the dollar price goes UP !!!!!!!!!!!
is there any explanation for this weird case??
attachment: Economic news + 1H chart for 1 day only (14-NOV-2007 15:30 (GMT+2))
the three issued news were so important and should drag the dollar price down, but unfortunately, every thing goes in the opposite direction (UP). the three economic news are:
-PPI m/m
-Retail Sales m/m
-Core Retail Sales m/m
Note: the news result were RED, but the dollar price goes UP !!!!!!!!!!!
is there any explanation for this weird case??
attachment: Economic news + 1H chart for 1 day only (14-NOV-2007 15:30 (GMT+2))