Here's why the data doesn't matter now ...Middle East

Here's the thing about economic data. The data is by definition backward looking but the market is a forward looking machine. To trade economic data successfully, one has to consider three things: the underlying expectations, the context and whether the data changes future expectations.

Say for example, we get more positive developments on trade negotiations front. The markets will front run (and they are already doing it) the end of the trade wars and the following improvement in growth and sentiment.

So, everything revolves around tariffs now, that's the only thing you should focus on.

All the best traders in the world will tell you this: never focus on the present because it's already in the price. Focus on the next 6-12 months because that's where the market will head to.

I wrote a longer article on this topic here.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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