New to Forex trading, have a doubt abt today's market, any helpers??

[abhinavyashkar]

At abt 13:30 IST German Ifo Business Climate Index was released showing negative sentiments. I expected the EUR/USD to dip from its level of 1.3602 at 13:30 however it increased to 1.3625(nw at 14:30). can someone tell me why a negetive German Ifo Business climate Index made traders buy Euro when they should be buying dollars???
Thanks for ur replies!

 

[NetFreak]

Market is not always predictable, you need to have a watchful eyes on the market, before getting involved into any of it.

 

[Cornelis]

Well, not really. The market isn't stable after all. You have to understand that. Gotta always analyse before trading.

 

[NetFreak]

Yeah and we should learn all the three types of analysis and also to maintain the balance between the same.

 

[Hulu Girl]

Right, Market is not stable and not everytime we can predict it correct but you can analysis the market so that you can get the right entry and exit.