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 Poised for Bull Extension

    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... 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 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... Read More

  • $EURUSD Bull Bias into #ECB

    $EURUSD Bull Bias into #ECB $EURUSD Bull Bias Whilst Above 1.3645 for 1.3893 Peak* * A mini dip and a bounce through midweek, previous erosion this week still seen as corrective whilst... Read More

  • USDJPY top intact for bear bias to 100.75/60/20 targets this week

    USDJPY top intact for bear bias to 100.75/60/20 targets this week  USDJPY capped by 102.35; risk back lower to 100.75/60/20 key support area  * * A far better rebound than anticipated on Tuesday, but still... Read More

  • GBPUSD bull tone aims up through 1.6820 for key 1.6877 target

    GBPUSD bull tone aims up through 1.6820 for key 1.6877 target GBPUSD resilient above 13-day EMA, 1.6650 A setback Monday, but still closing above the 13-day EMA, now at 1.6650, after a late Feb... Read More

  • Weekly Forex Market Forecast (March 3rd - March 7th 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 3rd–March 7th, with release... Read More

  • $AUDUSD Tops Leaving Risk Lower

    $AUDUSD Tops Leaving Risk Lower AUDUSD aiming down through key .8875 A weak close to end Feb leaves our short-term view decidedly negative with the push back through the 13-day EMA reinforced through... Read More

  • Weekly Forex Market Followup (February 24th - February 28th 2014)

    Key Fundamental Forex Events for the Week of February 24th through February 28th The following table lists the key economic data and other events that came out during the week of February 24th through... Read More

  • $USDJPY 2014 Top and Bear Bias Intact

    $USDJPY 2014 Top and Bear Bias Intact Aiming to and through key 101.40/30 support area We stated in our Thursday client report that “we see the skewed bias into month-end below 102.00 to... Read More

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