US Reports Hint at GBPUSD Breaking Through Triple-Top Resistance
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GBPUSD approaches key triple-top resistance level Chances of price breaking through that level increased thanks to a shift in fundamentals Resistance levels above…
Forex News
The Week Ahead – 10th April 2023
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FOCUS ON: US CPI Inflation Report, Fed Minutes, and Start of Earnings Season Easter holidays make the trading week shorter than usual, but…
EURUSD and GBPUSD go into Crucial NFP Announcement Hovering at Key Price Levels
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Eurodollar and cable sit at 50% Fib retracement levels of the 2021-22 sell-off. All-important US Non-Farm Payroll jobs numbers are due to be…
The Best and Worst Performing Currency Pairs in March 2023
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With risk sentiment somewhat mixed in March due to the banking uncertainty following the collapse of SVB, the euro made strong gains during…
The Week Ahead – 3rd April 2023
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The US Non-Farm Payroll jobs report due on Friday 7th April will be the week’s main event. Before that, other key data points…
Forex Market Forecast for April 2023
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Uncertainty in the banking sector following the collapse of SVB has been the main talking point in markets in recent weeks. The focus…
How to trade EURUSD bullish momentum triggered by banking ‘reforms’
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Risk-appetite improves as banking sector concerns fade away. Proposed ‘reforms’ set to look very much like old laws which were recently repealed. The…
The Week Ahead – 27th March 2023
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FOCUS ON: Banking Sector Concerns With a few major announcements due this week, news flow from the finance sector can be expected to…
Short, Medium and Long-Term Forecasts for EURUSD Following ‘Dovish’ Fed Announcement
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The US Federal Reserve raises interest rates by a widely expected 25 basis points. The rate hike was accompanied by ‘dovish’ guidance. EURUSD…
BoE Raises Interest Rates, Says Inflation to Fall Sharply For The Rest of 2023
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The GBP rose Thursday lunchtime after the BoE raised interest rates by 25bps, in a move that was anticipated by most market participants…
The Week Ahead – 20th March 2023
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FOCUS ON: US Interest Rate Decision Markets brace for interest rate announcement from US Federal Reserve due on Wednesday Bank of England sets…
Markets Braced for Euro Interest Rate Announcement – Something’s Got to Give
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The collapse of SVB bank forces central banks to rethink their approach. The ECB meets on Thursday amid signs that interest rate hikes…
The Week Ahead – 13th March 2023
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FOCUS ON: Inflation Report and ECB US CPI and PPI inflation reports are due this week Will offer an insight into what kind…
US Dollar Weakens as Nonfarm Payrolls Data Comes in at +311K
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The US dollar weakened Friday in the immediate aftermath of US Nonfarm Payrolls data which rose by 311,000 compared to the 205,000 consensus…
Euro Hangs in the Balance as Markets Prepare for US Jobs Report
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EURUSD sell-off has so far failed to signal the end of the October to February bullish price pattern US Jobs data to be…
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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