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Because that is what many lazy traders are using for their news. You have to know what other traders are thinking.
Or should I say computer bots read headlines and make trading decisions on possible faulty headlines.
I bought puts before report and got out at 1 cent profit when market didn't move. Watch CL be down by end of week. But since I am not positive, I am not risking slight profit for 50-50 chance of making more or losing money.
Right, except Cush #. Over past 2 years API was very close to EIA on Cush.
Market trades because there is good liquidity on one of the sides. It's an ultra short-term trading.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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Because back in the days, when trading floors were dominated by big cathode ray tube televisions hanging from the ceilings in huge metal brackets, Reuters was pretty much the only game in town. As far back as the 1990's Reuter's had an electronic FX dealing system. Old legacies die hard.