Forex News Archive

GBPUSD Exchange Falls on Brexit Concerns, US Economic Growth Data

Forextraders

Published: 21st July, 2022

The spectre of a no-deal Brexit continued to weigh on sterling (GBP) in forex trading on Thursday as the exchange rate to the…

Packed End of Week on the Horizon for Forex Markets

Forextraders

Published: 29th January, 2021

The foreign exchange markets were preparing for a busy end to the week on Thursday and Friday. Today (Thursday) is due to see…

Bitcoin Rebukes Critics – Roars Back to $8,000

Chris Lee

Published: 21st July, 2022

Bitcoin bulls are on the march, while the bears are running for cover. Defying its worst critics and technical protestations that a major…

Good News for Australian Dollar in Forex Markets Following Upbeat Data

Camila Martinez

Published: 21st July, 2022

The Australian dollar was one of the clear victors in forex market trading on Tuesday and into Wednesday. The currency managed to reach…

Cautious Behaviour in Forex Markets from Most Major Currencies

James West

Published: 21st July, 2022

Leading currencies remained fairly steady as trading got underway on Tuesday morning. The single European currency, which is facing a number of significant…

Yen Suffers in Forex Markets as Risk Back in Business

Jacob Friedman

Published: 15th April, 2021

The Japanese yen was the main casualty in the foreign exchange markets as trading kicked off this week. The currency, which tends to…

Sterling Holds Steady Following News of Brexit Extension

Camila Martinez

Published: 15th April, 2021

The major news for forex traders overnight was the extension the EU has granted to Great Britain in relation to Brexit. British Prime…

Euro Set to Round Off a Difficult Month in Forex Markets

James West

Published: 15th April, 2021

The euro has declined about 1.2% over the course of the month, down in large part to question marks overgrowth in the Eurozone…

Dollar Continues its Surge in Forex Markets as Yields Rise Again

Jacob Friedman

Published: 21st July, 2022

A rise in the benchmark US Treasury debt yields spelled good news for the dollar yesterday.

Positive Minutes Mean USDJPY, Index Rise in Forex Markets

Jacob Friedman

Published: 21st July, 2022

The American currency saw some welcome gains following a few days of problems as trading kicked off on Thursday. This occurred after the…

Euro Flounders in Forex Markets as Others Surge

James Randall

Published: 15th April, 2021

The euro was the main loser in forex trade yesterday and into today, continuing an unlucky streak for the single currency. Over the…

Risk Back on the Forex Markets Agenda as Dollar Slows

Joshua Crafter

Published: 15th April, 2021

The US dollar started to suffer in the foreign exchange markets on Tuesday and early on Wednesday. It had seen a number of…

USD Persists with High Performance in Forex Markets

Joshua Crafter

Published: 21st July, 2022

Risk continued to be avoided in the foreign exchange markets this week after worries about global economic performance meant traders flocked to the…

Dollar Surges in USDJPY as Positive Jobs Data is Released

Camila Martinez

Published: 21st July, 2022

The US dollar managed to perform well on Monday as some positive job data figures were released. According to information released on Friday…

EU Economic Outlook Slips as Italy Slides and Brexit Churns

Chris Lee

Published: 21st July, 2022

The economic skies are looking gloomy again over the European continent, and poor Mario Draghi, our inimitable chairman of the ECB, has already…

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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