Take Profits On GBPUSD Trades As BoE Prepares To Hike Interest Rates
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According to analyst forecasts, Andrew Bailey, Governor of the Bank of England, is about to announce the largest interest rate hike since 1995….
Forex News
The Best and Worst Performing Currency Pairs in July 2022
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July was another volatile month, with the EURUSD falling below parity, hitting a low of 0.9952, according to our chart. It was a…
New Technical Price Levels Form After Second 75bp Fed Hike
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In line with the majority of analyst expectations, the US Federal Reserve hiked interest rates by 75 basis points on Wednesday. Marking a…
Now’s The Time To Get Ready For The Fed’s Next Rate Announcement
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Recent moves in the forex markets confirm it’s the time of the month when all eyes turn to the US Federal Reserve, which…
How To Trade Euro-Dollar as it Nears Parity
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Euro-dollar looks set to take centre stage in the forex markets for the foreseeable future as a range of factors combines to provide…
How Low Can Euro and Sterling Go?
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The ease with which EURUSD and GBPUSD just cut through key technical support levels raises the question of what next for both currency pairs?…
Sterling Under Pressure As US Fed Hints at 1% Rate Rise
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Red hot inflation data keeps pouring into the global markets, but it’s Jerome Powell and the US Fed that appear most willing…
Sterling Under Pressure As US Fed Takes The Nuclear Option On Interest Rates
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There’s no relief for the GBPUSD currency pair after the US Fed announced a ‘black swan’ style 0.75% hike in interest rates on…
These Top Investors Say The Market Crash Has Only Started
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The brutal sell off in risk-on assets marked the first half of 2022 and has left investors facing a dilemma. Dip-buying is an…
What to Look Out For in Forex Markets in July
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The fireworks let off during the US 4th July holiday have historically signalled a mood shift in the financial markets. The summer doldrums associated…
Dead Cat Bounce – Could The Relief Rally Be About To Come Unstuck
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The past week has offered a slight respite to bullish investors. Uncertainty about the long-term prognosis for the economy remains, but there have…
Political Upheaval In Germany Is Good News For Ethical Investors
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With Wall Street taking a break for the Thanksgiving holiday, attention has naturally turned to the other major markets. Right on cue, Germany…
No Change At The Fed Means All Change For The Markets
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President Biden’s reappointment of Jerome Powell as Chair of the US Fed caused market sentiment to flip-flop dramatically on Monday. The Dow Jones…
EURUSD – How Low Can Eurodollar Go?
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Pressure continues to build on the euro, with the consensus being the question not which way the price will head but how far…
GBPUSD – Failed Break Out Raises Serious Questions About USD
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The UK economy has taken centre stage this week with news releases, but despite jobs and inflation ‘beats’ the currency pair, GBPUSD has…
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 three categories:
- 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;
- 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;
- 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 pages. Find what works for you, and remember – To be forewarned is to be forearmed!
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