GBPUSD: Head To Cable If You Want Volatility – Market Update 19/10
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Our market update of last week pointed to sterling weakness. Since then, GBPUSD has traded as low as 1.28615. That support level was…
Forex News
It’s $12,000 Time For Bitcoin – Market Update 15/10/20
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Bitcoin’s 3% week-to-date price increase represents a continuation of the mini-bull-run that started back on the 8th of September. It could still have…
‘Risk On’ Market Update 12/10/20
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Markets finished last week firmly in a ‘risk-on’ frame of mind. Stocks, commodities and non-USD currencies all moved into bullish territory in terms…
DAX up by 0.1% Amid Fresh Confidence Boost for Markets
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Stock markets in Germany, France and Britain posted gains amid a sense of renewed optimism about the world’s economic prospects Economic data from…
GVC, Owner of Ladbrokes, Sees Share Price Rise of 7%
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GVC, which owns major British sporting brands such as Coral and Ladbrokes, has announced a boost in net revenues from games A share…
GBP/USD Rises to 1.2915 Level, Greenback Mixed Overall
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The greenback faces a confused picture in many currency pairs and is on the defensive overall US President Donald Trump drew a…
Trump in Recovery? Risk Asset Boost in Forex Markets
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US President Donald Trump has left hospital and headed home following his coronavirus diagnosis – while the country’s Congress may be on the…
USDX Stagnates at 93.789, Trump’s Health Still in Focus
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The dollar index was seen at 93.789 as part of a general move towards safety US President Donald Trump has been receiving treatment…
Palantir Hovering at $9.50 per Share – a Slight Drop
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Palantir hit the stock markets for the first time this week, and had a share price of $10 per share – though it…
USD/CHF Up By Almost 0.3% After Controversial Debate
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The debate between Donald Trump and Joe Biden continues to dominate headlines following rows over election integrity, race relations and more Traders flocked…
S&P Futures Shed 0.9% After US Presidential Debate
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US President Donald Trump and his Democratic challenger Joe Biden went head to head in the first formal presidential debate – leading to…
USDX Down to 94.155 Amid Pandemic and Politics Worries
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The dollar index was down on the day, and the greenback also declined in many of its major pairs The pound rose over…
EUR/USD Stuck in Dip Against Greenback, Reaches $1.1635
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The euro was one of the major currencies to lose out in Monday’s forex trading, with the currency hitting a series of low…
Is Churchill China Going to Reach £11.40 Level Again?
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The pottery manufacturing firm Churchill China sits on the Alternative Investment Market in London and has seen some major price moves in recent…
Highs for USDX at 94.255 as Pandemic Fears Set Back In
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The US dollar index kept its recent value gains and reached 94.255 at one stage The markets are fearful of rises in Europe…
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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