[Forex Trading] DUH! Reaction to News is What Matters

There is an old saying in trading that it is not the news but the reaction to news that matters. There is also an old adage that says the market can remain irrational longer than you can remain solvent. This is why you need to pay attention to the reaction to news as it will give you a clue about market sentiment.This is especially true in the current environment where markets are hypersensitive to any headline news that might impact central bank monetary policy decisions and thus expectations of the course of interest rates.founder and CEO, Bill Ackman, said the fund had covered its short bond pos