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3848044 No.3848044 [Reply] [Original]

Can an expert Forex trader explain this to me?


Im watching economic indicators. Lets say Im doing the GBP/USD pair

So news drops and says something that implies The GBP is bearish. But then the GBP/USD shoots up. Shouldnt it go down?

>> No.3848061
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3848061

sell the news buy the rumor not the other way around it's what people believe not what actually happens

>> No.3848084

GBP/USD
the base currency is the second one
if it goes up, it is worth less against the dollar (from 1.3 to 1.5 for example - one USD becomes worth 1.5 GBP instead of 1.3 GBP)

>> No.3848095

>>3848044
Theoretically yes, but there are an endless number of factors between two sovereign country's fiat IRL. That's among the reasons why I love crypto, it's less affected by politics (unless the politics affect its existence, obviously).

>> No.3848110

>>3848084
are you fucking kidding me right now

that would explain eveerything