The foreign exchange market is always full of all kinds of good and bad every day. How to treat their influence on the market is very important for grasping the opportunity in the short term. Everything is relative, and the positive and negative factors are not absolute. They play different roles at different times and under different market conditions. The negative in the usual sense may become positive under certain market conditions and should be treated dialectically. The quality of a piece of information should be decided by the market, not by us. For example, in early February 2002, the European Central Bank announced a reduction in interest rates. Generally speaking, lowering the interest rate of a certain currency is definitely a negative factor, and the euro should fall. However, at that time, the attention of the market was all focused on whether the United States launched a war against Iraq. The euro fluctuates repeatedly at the parity of 1.00, and the desire to attack is just around the corner. In view of the possibility that the European Central Bank may lower interest rates, the rise of the euro is temporarily restrained. After the euro cut interest rates, the market thought that the negative interest rate had been released, but before that, the interest rate cut had already been recognized by all walks of life in the market and had been fully digested. At this time, the introduction of interest rate reduction policy can not be called bad, but there is a feeling that everything is good. The pent-up market bull power was instantly aroused, pushing the euro to rise all the way, rising for nearly four months, reaching 1. 1084, before entering a large-scale adjustment. From this example, we can see that the interest rate cut by the euro has not been regarded as negative by the market, so we should also adapt to the changes in the market. Never copy mechanically or dogmatically. Otherwise, this wave of Euro 10% market has nothing to do with you. It doesn't mean to treat all negatives as positives and all positives as negatives. We say that only at a specific time and under specific market conditions will such an opposite effect be produced. Let's give another positive example. On July 6, 2003, Federal Reserve Chairman Ben alan greenspan testified in the White House Congress. Greenspan said that he predicted that the American economy would grow at a faster speed, and the gross national product of the United States would increase by 2.5% to 2.75% in 2003. It also implies that the economic growth in the first two quarters of this year is very moderate, and with the passage of time, the economic growth in the United States will accelerate significantly this year. At the same time, he also expressed his intention to keep interest rates at a low level for quite some time, so as to stimulate weak economic growth and prevent the danger of falling prices. As soon as Federal Reserve Chairman Greenspan's testimony was over, the market immediately responded positively. The US dollar rose sharply against all currencies, and the US dollar index soared to 97.09, and finally closed at 96.9 1, closing the recent rare Dayang line. The next day, the dollar index rose again, reaching a maximum of 97.45. The decline of the six basic markets is terrible and a mess. Here, let's rank the decline of each currency on that day: at the top of the list is the pound, which fell by 227 points. Next came the Canadian dollar, down 164 points. The Swiss franc fell 158 points. The euro fell 14 1 point. The yen fell by 84 points. The smallest decline was that the Australian dollar fell by 7 1 point. This is the ranking of absolute value of decline. According to the descending order, the results are as follows: pound fell 1.4%, followed by euro fell 1.25%, Canadian dollar fell 1.2%, Swiss franc fell 1. 1%, Japanese yen fell 0.7% and Australian dollar fell 0.7%. We should make a rational analysis of the re-emerging diving market. At that time, non-US dollar currencies were in a strong downward trend, which we must admit. In the downward trend, any unfavorable factors, including bad news or bad data, will become the reason for the short position. Without the influence of Greenspan's testimony in the US Congress, the market would have fallen, perhaps at a slower pace and for a longer time. Bad news accelerated the decline of the exchange rate, making it in one step and shortening the decline time. We can make a hypothesis that if Greenspan's speech was in May 2003, when the market was in a strong upward trend, then Ge Lao's speech would only cause a short-term rebound in the market. First, it will not fall so much, and there will be no diving market. Second, the upward trend will be hard to change and will continue. We can also make a second hypothesis. If Greenspan's speech is full of pessimism about the future economy of the United States, then the market will continue the pattern of weak rebound that day, and there will be no reversal. The downward trend will continue, but it will take longer to get in place. If it is placed in May, the market will definitely soar, and all non-US dollar currencies will rise to the sky. This is the influence of news in short market and long market. Our detailed assumption is nothing more than to let everyone make an objective and rational judgment on the news changes in the future market. The good news is that the exchange rate in the bull market will rise sharply, and the exchange rate will rebound in the short market. There is bad news in the bull market, and a callback is needed in the short term. In the short-term market with bad news, the exchange rate will plummet. Let's expand our thinking here. If a money market expects to cut interest rates, then the interest rate cut will certainly have a very adverse impact on the trend of the currency. If the economic data published by the country where the currency is located shows that there may be signs of inflation in the country, such as the rise of producer price index and the rise of consumer price index, such data will usually lead to the decline of the currency exchange rate. In the case that the market is expected to cut interest rates, such data can only be released, because the market thinks that the possibility of currency interest rate cuts is decreasing, which is good data. Then the market will not fall, but will rise. We cite this example again and again just to give you a dialectical view of negativity and positivity. Any data and news should be placed in a specific time and space. In a specific market, comprehensive judgment and analysis can lead to a negative or positive conclusion. Instead of judging whether data and news are good or bad, it is better to look at the reactions of many investors in the market, which is the fundamental reason that affects the buying and selling behavior of market investors. I hope I can help you.