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!

  • Weekly Forex Market Followup (March 10th - March 14th 2014)

    Key Fundamental Forex Events for the Week of March 10th through March 14th The following table lists the key economic data and other events that came out during the week of March 10th... Read More

  • USDJPY Negative Range Theme and Bearish Shift Risk

    USDJPY plots defensive range path to target 101.20 As we expected, a more defensive tone over the past 24 hours, but we did not expect the extent of the erosion suffered Thursday. The... Read More

  • EURUSD aiming for 1.4000

    EURUSD breaks higher for psychological/ option target 1.40 We have stressed all week that that “the nudge to a new cycle high and setback favours a consolidation tone early this week, but we... Read More

  • NZDUSD bull break

    NZDUSD breaks through .8545 (as we had flagged) A dip before and a bounce after the RBNZ decision for a bullish outside pattern on Wednesday from above the .8430 and .8405 supports and... Read More

  • NZDUSD set up for bull break

    NZDUSD set up for bull break NZDUSD aims through .8545 The ability to hold above the .8430 and .8405 supports on the consolidation theme early this week reinforces the near term bullish view.... Read More

  • USDJPY risk skewed for bull tone through 103.85

    USDJPY base leaves risk through 103.85 into mid-March Although the range theme into mid-month is seen defined between 103.85 and 101.20, the prior push up through barriers at 102.85/ 103.00 negated the 2014... Read More

  • Weekly Forex Market Forecast (March 10th - March 14th 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 10th–March 14th, with release... Read More

  • GBPUSD Poised for Bull Extension

    Cable ($GBPUSD) aims through 1.6820 for 1.6877 A still firm bias, still holding and advancing from the 13-day EMA, now 1.6670, having defended this support on a closing basis over the past two... Read More

  • Weekly Forex Market Followup (March 3rd - March 7th 2014)

    Key Fundamental Forex Events for the Week of March 3rd through March 7th The following table lists the key economic data and other events that came out during the week of March 3rd... Read More

  • USDCAD Poised Into Key Data

    USDCAD shifts to a neutral position; breakout levels 1.0900 and 1.1160 through Employment data A still more defensive tone after a push below the 13-day EMA for a setback to push below 1.0975/65... Read More

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