The Best and Worst Performing Currency Pairs in December 2022
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Despite many market participants expecting a Santa rally, it didn’t quite occur in December 2022, with sentiment remaining risk-off during the month. However,…
Forex News
Forex Markets Braced for US Jobs Number
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Non-Farm Payroll employment numbers hang over the markets After a long run of upside surprises, any weakness could jolt currency rates Will the…
Euro Technical Setups Open the Door to Range Traders
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Seasonal drop in EURUSD price volatility creates range-trading opportunities ECB’s hawkish rhetoric supports going over-weight on long positions Key support/resistance price levels set…
2023 Dollar Price Forecast
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Long-term trends dominated forex markets in 2022 2023 could see more of the same Key support/resistance price levels in US Dollar Basket index…
Fed’s Damp Squib Doesn’t Reduce Chance Of a Breakout
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Markets stall after Fed announces 50 basis point rate hike Jerome Powell is managing expectations, but forex prices might not remain stable for…
Oil Price Slump Gives Hint About Next Forex Move
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Oil prices hit a year-to-date low Crude is now negative on the year, and falling demand points to a recession The US dollar…
The Best And Worst Performing Currency Pairs in November 2022
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There was a nice rally in risk-related assets in November, with currencies such as the New Zealand dollar, Australian dollar, Great British pound,…
How Low Can The Dollar Go?
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Jerome Powell’s dovish news statement has triggered more selling of the dollar Key long-term support levels are coming into play which suggests recent…
Sterling Outperformance Brings EURGBP Strategy Into Play
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Cable’s recovery from record lows continues to build momentum, but the strength against the euro brings a new strategy into play Key support…
Tracking GBPUSD’s Path Through The Trend Reversal
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Cable’s recovery from record lows continues to build momentum. Does the touch of 1.2000 mark the start of something more long-term? Using the…
The Best and Worst Performing Currency Pairs in October 2022
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October’s upside moves were dominated by four currencies, the New Zealand Dollar, the Japanese Yen, the Great British Pound, and the Swiss Franc….
Why The FTX Liquidity Crunch Has Shaken The Forex Markets
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The potential demise of crypto exchange FTX has spooked investors Fears of a dash to the dollar have resulted in risk-on currency pairs…
Fed Hikes And Dollar Strength – The Macro View On How It Impacts US Stocks
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The surge in the value of the US dollar is turning the screw on US shareholders Inaction by big corporations is resulting in…
GBPUSD – How Far Can The Rishi Bounce Go?
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GBPUSD strength follows the appointment of Rishi Sunak as Prime Minister The Rishi-bounce has brought key resistance levels into play Strong US fundamentals…
Japanese Yen – The Other Major Forex Trend Of 2022
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Japanese Yen continues to lose ground to other major currencies. The Bank of Japan’s decision not to raise interest rates in line with…
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!
 Between 74-89% of CFD traders lose
Between 74-89 % of retail investor accounts lose money when trading CFDs
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