By Elliott Wave International
I can't help it. Whenever I read the mainstream financial news, I feel like I'm eavesdropping on a job interview at Microsoft.
In case you don't remember -- Microsoft was made famous, in part, for asking prospective employees one single question: Why is a manhole cover round?
They wanted to assess how a person approaches a question that has many answers. And, many answers are what they got, from the most practical (i.e. "Because a manhole is round") to the most philosophical (i.e. "The circle is the most aesthetically pleasing shape for the human eye.")
I'll now take you back to the world of mainstream finance where those in charge are regularly asked to answer this basic question: Why did market "X" move this way today? And, many answers are what they give.
Take, for a real-world example the March 9-10 upsurge to a 7-and-1/2 year high in the Dollar/Yen currency exchange pair. As for why the USDJPY rallied, the experts offered up these (and many more) explanations: Continue reading "Forex Traders: The Only Question You Should Be Asking"