Dollar ticks up slightly in uncertain forex environment
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The US dollar managed to make some modest gains in the foreign exchange markets on Monday, though risk sentiment appeared to still be…
Forex News
Commodity currencies start week on a high note
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The world’s commodity currencies found themselves surging ahead in the foreign exchange markets on Monday as the markets continued to fixate on the…
Euro firms up its gains as dollar dips further
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The single European currency continued to see big gains in the foreign exchange markets on Friday after the bloc’s central bank revealed a…
Dollar drops even further as risk sentiment continues
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Risk was fully back on the agenda in the foreign exchange markets on Wednesday as the currency of choice during the pandemic, the…
Dollar dips further on recovery-related risk sentiment
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The US dollar continued its slide out of favour on Wednesday as traders began to move towards a more risk-friendly position in the…
Aussie dollar continues to surge as hopes pinned on recovery
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The Australian dollar continued to rise in the foreign exchange markets on Monday as traders across the world appeared to pin their hopes…
Australian dollar on the rise as focus shifts back to pandemic
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The risk-focused Australian dollar appeared to surge in the foreign exchange markets as trading got underway in earnest on Monday morning. The development…
Trump set to weigh in on China
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The foreign exchange markets were preparing themselves for some potential upheaval on Friday as US President Donald Trump looked set to weigh…
Euro Heads for High After European Commission News
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The euro surged ahead in the forex markets on Wednesday after the European Commission made a significant proposal about a bloc-wide aid package….
Hong Kong unrest pushes dollar higher
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The US dollar seemed to be on the verge of a rise in the forex markets on Tuesday and into Wednesday after unrest…
Risk sentiment up in forex markets as week begins
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Risk sentiment appeared to be on the rise in the foreign exchange markets on Tuesday as a sense that the worst of the…
What’s coming up in the markets next week?
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Traders in the foreign exchange markets are largely occupied by the coronavirus pandemic at the moment. The economic calendar is still functioning, and…
The dollar still down after euro surge
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The US dollar continued to suffer in the foreign exchange markets on Wednesday after the single European currency gathered momentum. A rise for…
Rise for euro as recovery fund revealed
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The single European currency rose in the forex markets on Wednesday after two of the bloc’s largest economies announced a joint approach to…
Commodity currencies back in business as dollar dips
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Those global currencies dependent on commodity exports were up in the forex markets on Monday – leaving little room for the dollar to…
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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