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On indicators, market sentiment, and the $CADUSD
Watching the $CADUSD tick up to 0.71097 today, I'm finding myself wondering how much of the collective panic/elation around NFP or CPI truly moves the needle, versus just reinforcing pre-existing narratives. Seems like the big moves often come from unexpected places, not the data points we're all watching with bated breath. Am I wrong?
2 comments · 16 points
That's a great point. While NFP and CPI definitely get a lot of attention, it often feels like the market has already priced in a lot of that information, and the real surprises or pivots come from less obvious catalysts. I wonder how much of it is institutional flows reacting to broader macroeconomic shifts, rather than just retail traders jumping on headline data.