There is no longer any doubt that gold, as well as a number of currency pairs, indices and stocks, are in the mode of waiting for either the Fed's rate or tomorrow's data on unemployment in the US. Whatever is the object of expectation, I want to share with you one curious hypothesis. Most often, fans of wave analysis talk about this hypothesis, but I heard about it from a couple of sources not entirely related to financial markets. The essence of the hypothesis is that it is not news (macroeconomic events) that affect the price behavior of an asset. It is even more correct to speak not so much about influence as about the fact that news/events are some kind of control points. At these points, something old ends, the wavers will say "the price pattern has ended" and something new begins - a new pattern, a new story, a new chain of events. I don’t know about you, but for me the above can explain a lot: for example, the price behavior is not always logical after the release of the next data. How do you like this point of view?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.