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FX Market Insight for the 23rd August 2019  

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Brad Gilbert
(@brad-g)
Illustrious Trader Admin
Joined: 2 years ago
Posts: 536
22/08/2019 10:53 pm  

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SAM B
(@samuel-dunyalebraimah)
Eminent Trader T4T Trader
Joined: 4 months ago
Posts: 31
22/08/2019 11:58 pm  

HMMM
WILL THE DATA JUST RELEASED REVERSE THE DOWNTREND OF THE KIWI?|


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Brad Gilbert
(@brad-g)
Illustrious Trader Admin
Joined: 2 years ago
Posts: 536
23/08/2019 7:08 am  

No, it won't. The only macro-economic data that has the potential to reverse a trend is the CPI data. And even then it needs to be backed up by Employment data, retail sales etc.

Basically, no one piece of data will reverse a trend. This is where understanding the hierarchy of macro-economic fundamentals is important.


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SAM B
(@samuel-dunyalebraimah)
Eminent Trader T4T Trader
Joined: 4 months ago
Posts: 31
23/08/2019 7:24 am  

Thanks, Brad.
Very useful


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