Forex News Archive

Pandemic worries impact the forex markets further

Chris Lee

Published: 15th April, 2021

The greenback managed to push ahead in the foreign exchange markets this week after the coronavirus pandemic reappeared in a number of key…

HYCM adds 50 cryptocurrency CFDs & drastically reduces spreads

Forextraders

Published: 15th April, 2021

Limassol, CY – 23rd of June 2020 HYCM, a well-established global forex broker, has added over 50 cryptocurrency CFD* pairs on its MT5…

Greenback Back in Business Amid More Pandemic Worries

Denise Jackson

Published: 21st July, 2022

The impact of the coronavirus pandemic continued to be pertinent in the foreign exchange markets on Thursday and into Friday – with the…

Dollar hovers in markets amid turn against risk

Chris Lee

Published: 15th April, 2021

The US dollar managed to rise a little and then hold firm in the markets on Wednesday after traders around the globe began…

Data boosts euro – and dollar in doldrums

David Hobart

Published: 15th April, 2021

The US dollar continued to find itself in the doldrums on Tuesday and into Wednesday after some positive data about business performance was…

Surge for Aussie after greenback retreats

Chris Lee

Published: 15th April, 2021

The foreign exchange markets seemed to be convinced of the world’s capacity to dodge a second coronavirus outbreak on Monday as traders flocked…

Risk leans upwards despite new pandemic worries

Chris Lee

Published: 15th April, 2021

Some of the world’s riskier currencies managed to surge ahead in the forex markets on Monday morning despite the fact that the coronavirus…

Greenback soars ahead amid fresh fears over pandemic

Forextraders

Published: 15th April, 2021

The coronavirus pandemic was back at the forefront of traders’ minds on Friday after a range of countries around the world grappled with…

Dollar on the up as pessimism sinks in

Chris Lee

Published: 15th April, 2021

Pessimism appeared to be the name of the game in the foreign exchange markets on Wednesday after a series of concerns about world…

Dollar back on track after Fed makes moves

Chris Lee

Published: 15th April, 2021

The US dollar appeared to recover somewhat on Tuesday after a brief wobble in the forex markets in the midst of a significant…

Small rally for risk as partial Beijing lockdown occurs

Chris Lee

Published: 15th April, 2021

The foreign exchange markets appeared to tolerate a slightly higher level of risk as Monday’s trading continued. This came after the markets opened…

Risk-on currencies down over second wave worries

Chris Lee

Published: 15th April, 2021

Some of the world’s primary barometers of forex market risks went down in value on Monday after a wave of new cases of…

Rise for safe-haven currencies as turmoil sets in

Chris Lee

Published: 15th April, 2021

The so-called safe-haven currencies regained the full power of that label on Thursday and into Friday as traders flocked to them in droves….

The US dollar plummets further

Chris Lee

Published: 15th April, 2021

The US dollar found itself heading down into the forex doldrums on Wednesday after mounting concerns among traders that the country’s central bank…

Dollar precarious as Fed decision expected

Chris Lee

Published: 15th April, 2021

The US dollar hovered in a precarious position on Wednesday morning as traders in the foreign exchange markets waited nervously for the outcome…

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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