Financial media as I view it as a tool for the big boys to create fear and greed for novice investors. 2 western famous financial media are CNBC and Bloomberg. I prefer Bloomberg than CNBC even both of them deceive novice investors mindset.
I never say the financial media are lying, but I urge you don't trust them by the time news are being released out. It broadcasts the late news which is too late for you to make the move in the market. Sometimes if you are lucky, you can make some money as the news released. During this time, the big boys will take profit as much as possible. Once they finished, either they will push up or pull down the market, it depends on the situation. They will use news to attract victims come in once they already make the big move, they will slwoly help to push up/pull down to prove their views.
When big boys crash with big boys, the market will be very volatile within a range. If you have time to monitor it 24 hours. This is the best time to make money by applying 'scapling' methods. Big boys can move the market if the market is less volatile too. I personally experienced it 2 weeks ago and saw the big movement of EUR/USD within 4 hours. It normally happened when they have are obliged to FX Options.(A derivative that predicted by real guru that will cause another financial meltdown.)
In the end of the day, if you don't have source to get the real breaking news, please switch off your TV if you want to trade FX for long.
