Buy the “rumor” sell the “news” following CPI!
Buy the “rumor” sell the “news” following CPI!
Marc Chandler, Chief Strategist of Bannockburn Global Forex, talks with Blake Morrow to discuss the reaction to the “hot” CPI data released today and why the market reacted the way that it did. He had noted several days ago in his weekend technical writeup on why the market may be “buying the rumor, selling the news” in the US Dollar.
Also, Marc discusses the UK situation and the “keystone cops” type of reaction from the BOE and Truss’s government, but also thinks a bottom may be in for the Great British Pound!
Marc also discusses the BOJ and how they are intervening in the markets and how (and what time) you could play both sides of the market! less like ‘doves or hawks” but more like “activists” and explains what he means by that.
#trading_news #trading_analysis #trading_interview #tradersummit #markets #market_analysis #forex #forex_trading #forex_trading_interview #risk_taking #Marc_Chandler #US #CPI #USD #BoE #GBP #BoJ
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