Forex News Archive

The Best and Worst Performing Currency Pairs in July 2023

Nick Ranga

Published: 7th August, 2023

The significant Turkish lira weakness in June continued in July, although it slowed, while the Australian dollar continued to falter against the safe…

Forex Market Forecast for August 2023

Nick Ranga

Published: 2nd August, 2023

While the first half of July began as predicted, with US dollar weakness, the second half saw the US dollar make substantial gains,…

The Week Ahead – 31st July 2023

Justin Freeman

Published: 31st July, 2023

FOCUS ON: US Jobs Report Set to Cap Off a Busy News Week July US Non-Farm Payrolls jobs report due on Friday Tech…

The Week Ahead – 24th July 2023

Justin Freeman

Published: 24th July, 2023

FOCUS ON: Earnings Season and Central Bank Rate Decisions Big names, including Microsoft, take their turn to update investors during the US earnings…

The Week Ahead – 17th July 2023

Justin Freeman

Published: 17th July, 2023

FOCUS ON: Earnings Season and UK Inflation Data Increased appetite for stocks, euro, and sterling triggered by low US inflation numbers Earnings season…

The Week Ahead – 10th July 2023

Justin Freeman

Published: 10th July, 2023

FOCUS ON: US-China, Inflation, Dovish Guidance Last week’s Non-Farm Payroll jobs increased the levels of uncertainty in financial markets. This week’s US-China talks…

The Best and Worst Performing Currency Pairs in June 2023

Nick Ranga

Published: 4th July, 2023

The forex market in June was dominated by moves in the Turkish lira and Russian rubble, which both weakened significantly against their more…

Forex Market Forecast for July 2023

Nick Ranga

Published: 4th July, 2023

The second half of June has seen economic worries creep back into markets, with equities moving lower and risk-off-associated currencies making some gains….

The Week Ahead – 3rd July 2023

Justin Freeman

Published: 4th July, 2023

FOCUS ON: US Non-Farm Payrolls Employment Report Monthly jobs number is the highlight of trading news week. Non-Farm Payrolls employment data to shed…

Powell Sets Out the Variables Which Will Influence Forex Rates Over the Summer

Justin Freeman

Published: 29th June, 2023

Jerome Powell maintains hawkish stance US dollar rallies on back of rates being higher for longer Economic reports that might cause the Fed…

The Week Ahead – 26th June 2023

Justin Freeman

Published: 26th June, 2023

FOCUS ON: Fed Guidance Due Midweek Most Likely Trigger of Breakout of Consolidation Patterns Range trading could be a dominant theme during a…

BoE Interest Rates – Short-term and Long-term Prospects for GBPUSD

Justin Freeman

Published: 22nd June, 2023

The Bank of England is set to raise interest rates – but by how much? Markets are split on whether the BoE will…

The Week Ahead – 19th June 2023

Justin Freeman

Published: 19th June, 2023

The Bank of England updates markets on interest rate policy on Thursday. Consumer sentiment and inflation reports in the UK and the Eurozone…

“Hawkish Pause” Dominates EURUSD Strategy Planning

Justin Freeman

Published: 15th June, 2023

The Fed holds US interest rates steady in a move dubbed a “hawkish pause.” The guidance released after the rate announcement reveals Fed…

The Week Ahead – 12th June 2023

Justin Freeman

Published: 12th June, 2023

FOCUS ON: Busy Week for Traders. Interest Rate, Inflation and GDP Numbers to be Released The Fed, ECB, and Bank of Japan will…

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 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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