Forex Market News

While there are a few traders that choose to ignore the news in order to focus more time on the technical aspects of forex trading, the wise majority of our forex community professes a different opinion. Unless you want to be blindsided by events or trade based on luck alone, you are best advised to prepare for each week’s market action, typically on a Sunday before the forex market opens in Asia, starting with an appropriate “roadmap” to guide your efforts. The preferred roadmap typically includes a calendar of expected events, a review of what transpired the previous week, a forecast of fundamental and technical aspects for the week to come, and a bit of commentary on both short and longer-termed trends that are developing in the market.

The general recommendation from the veterans among us is to develop a weekly routine that satisfies your needs without being too overly cumbersome. It can be easy to get overwhelmed by too much information in this endeavor, the paralysis of analysis syndrome. Your objective is to develop a “feel” for what is driving the market behind the scenes and then to act upon that knowledge to execute winning strategies that tilt the odds in your favor. We at Forextraders agree that less is more in this preparation process for each week’s trading action. Our News Page is designed to give you the bare essentials with narratives on the following four categories:

1) Reviews of the Previous Week: Presents a recap of fundamental and technical aspects for the week just ended, including results for economic releases and trends for major currency pairs;

2) Forecasts for the Upcoming Week: Presents a calendar of economic events, fundamental and technical information of note, and forecasted support and resistance levels for major currency pairs;

3) Commentary on Short-Term Trends: Occasional alerts are given as to major market moves or developing trends, supplemented with technical charts and commentary that support the observed actions taking place;

4) Commentary on General Market Forces at Work: Occasional reports summarize the current thinking of the community of analysts as to the major forces or concerns that are shaping long and short-termed market trends.

We welcome your usage of our news reporting and commentary, and we welcome your comments on any of the materials that appear within this and subsequent web pages. Find what works for you, and remember – To be forewarned is to be forearmed!

  • GBPUSD Bear Bias Still for 1.6390/80; Risk to 1.6250

    *GBPUSD grind lower to continue into month-end* We restate the view from our client reports since mid-March; “we still see risk for a gradual erosion towards 1.6390/80 support props”. We see negative pressures... Read More

  • Weekly Forex Market Forecast (March 24th - March 28th 2014)

    Weekly Market Watch - Monday, 24 March 2014 Last Week’s Recap EUR/USD reversed direction, trading lower last week as the Federal Reserve tapered asset purchases for the third time in as many months and... Read More

  • AUDUSD aims for 200-DMA, .9148 and above

    *AUDUSD set to re-energize bullish pressures* We stated in our reports to clients late last week that “we see bounce risk into Friday and next week back to the upper end [of... Read More

  • Weekly Forex Market Followup (March 17th - March 21st 2014)

    Key Fundamental Forex Events for the Week of March 17th through March 21st The following table lists the key economic data and other events that came out during the week of March 17th... Read More

  • $EURUSD Negative Bias for 1.3705/ 3695

    EURUSD small top leaves a defensive range theme We stated in our last report to clients that “immediate risk Thursday is to and through the trend line from early Feb at 1.3790” and... Read More

  • USDCAD aims higher for Fibo targets at 1.1315 and 1.1425

    USDCAD aims higher for Fibo targets at 1.1315 & 1.1425 A surging rally Wednesday after the bullish outside pattern on Tuesday to soar not only above a key chart/ trend line barrier... Read More

  • $USDJPY at Risk of a Bear Shift Through 101.20

    USDJPY break of 101.20 aims for 200-DMA, 100.34 A defensive tone after a lacklustre rebound Monday, still reluctant to surrender the key 101.20 support, but still risk of a more bearish shift after... Read More

  • EURUSD Bull Bias

    EURUSD aims through 1.3965 cycle peak for key 1.40 handle (and above) A prod higher on Monday to build on the resilient Friday digestion above 1.3830, rejecting the threat of a top. Whilst... Read More

  • Weekly Forex Market Forecast (March 17th - March 21st 2014)

    Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of March 17th–March 21st, with release... Read More

  • $NZDUSD bull theme to re-energize

    NZDUSD aims higher gain after bull break, for .8675 cycle peak A cautious tone on Friday, digesting both the bullish outside Wednesday pattern from support now at .8450/40 and a robust Thursday follow-through... Read More

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