Forex News And Education

Discover why so many clients choose us, and what makes us a world-leading provider of forex trading. EUR/USD and AUD/USD took a hit as the US Dollar appreciated after Fed Chair Jerome Powell hinted at a 50-basis point rate hike in May with EUR/GBP rec… Asian shares were mixed in light “Golden Week” trading with markets in China, Japan and some other countries closed for holidays. A half-percentage-point rate hike is baked in the cake for the Fed’s meeting this week, economists said. The Federal Reserve on Wednesday raised a key interest rate by a half point and reaffirmed a more aggressive strategy to try to subdue the worst outbreak of U.S. inflation in 40 years.

  • Learn how to trade forex in a fun and easy-to-understand format.
  • These hints are based on price fluctuations after a certain type of news release and can prompt traders to either buy or sell an asset.
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  • A double one-touch option is the perfect option to trade for news releases because it is a pure non-directional breakout play.
  • A decision to lower interest rates could make a country’s currency less attractive, causing it to fall against other world currencies.

This brings overnight risk and may require you to pay additional holding costs. Therefore, traders should ensure that they have sufficient funds in their account to cover these costs. In particular, news trading requires expert fundamental analysis skills, as you will need to understand how certain economic announcements can affect your positions and the wider financial market. From time to time, however, economic announcements are very different from what the broader market was expecting, and this can cause an opposite market reaction. For example, if a central bank hints that rate cuts may be coming, but the currency still rises, there could be other factors in addition to the prospect of interest rate changes.

Trading The Non

Stock market news that has little or no impact on currencies includes earnings reports, management changes, mergers and acquisitions and partnerships. Therefore, it may be easier for some to make more reliable br stone trading predictions on how the market will perform. Currencies of countries that are major exporters of raw materials or commodities can be impacted by news forex trading news, as this affects the prices of the main commodities that they produce. These currencies are often referred to as resource currencies. Prices of commodities that affect these currencies can be influenced by issues affecting supply and demand. Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank’s biggest increase in two decades.

forex news

However, the inclusion of Bitcoin in the current forex market is a big step for the cryptocurrency industry. Forex markets Forex tend to respond the most to macroeconomic news – the kind of developments that reflect or impact broad economies.

More News & Analysis

Zero in on price action with our clean, fast charts, deepen your analysis with Autochartist packages. Shares were mostly lower in Asia on Wednesday, with markets in China, Japan and some other markets still closed for holidays. If you use a VPN service, make sure you are connecting from the country that is authorized for services. The CFTC has filed charges against two parties on Ponzi allegations involving crypto, forex, and over $500,000 of defrauded funds. Russian investors now look at digital financial assets as an investment tool rather than just a “hype product,” AFD head Evgeny Masharov said.

forex news

You can be making the right move but the market may simply not have the momentum to sustain the move. The table above illustrates shows—with two horizontal lines forming a trading channel—the indecision and uncertainty leading up to October non-farm payroll numbers, which were released in early November.