"Thanks, Daily Treasury Statement!"

Check out the quote below from a student who took my Daily Treasury Statement class last week. In the class we analyzed the employment tax deposits for the month of February and from that info we made a forecast that the jobs number would be strong and therefore, we should go long the dollar (short currencies) right before that report.

Well, the student did just that and look what happened...

"Short AUS/USD and EUR/USD positions at 8:20, took profit at 8:35.  Thanks, Daily Treasury Statement!" 

And this...

"It's fun watching the markets have a collective freak out while thinking 'yawn.... that information is SOOO last week....'  The prices dropped so fast it took 20 minutes for me to get the text message that I had taken profit."

Couldn't have said it better myself. Thanks, Daily Treasury Statement.

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