News theory17 Dec 2021 08:43
Have heard a few times "we've risen more on less news"
And here's my theory.
A rise on small news is driven by PI's only, the II's aren't interested unless there's contracts or confirmed values involved. So PIs buying moves the price up.
When there is news with some meat on the bones, the IIs want in and get thier large orders in, which the MMs want filled and keep the price down to fill those orders.
Hopefully those delayed trades will appear today, and maybe even a TR1, else it's back to the day job for me lol