Trade the Story Not the News: "The market only cares about the story of the moment. Understand the story and you understand the trade. But that’s much harder to do than it appears. The German IFO report for example showed that the data was weak, but market rumors before the event anticipated an even worse reading, so that when it printed the news was actually a relief and prices turned up as the story actually became positive while the news itself was negative.
'via Blog this'
