Forex News Archive

Drop for the Dollar in Forex Markets as Powell Expresses Pessimism

Camila Martinez

Published: 21st July, 2022

The US dollar took a hit on Friday and into this week after comments from the US Federal Reserve boss hinted that future…

Dollar Heads For One Month Low as Forex Markets Week Ends

Joshua Crafter

Published: 21st July, 2022

The US dollar was set to spend Friday rounding off a gloomy few days after it saw a 1.2% decline over the space…

Dollar Remains Low in Forex Markets After Fed Decision

Chris Lee

Published: 15th April, 2021

The US Federal Reserve announced on Wednesday that it would raise interest rates in the country from 2.25% to 2.5% – leading to…

Banking Narrative for 2019 Taking Shape – Same Concerns Persist

Chris Lee

Published: 21st July, 2022

Banking foreign exchange departments are always in a state of flux, when it comes to forecasting the next month, let alone the next…

Dollar Remains Strong in Forex Markets as New Week Opens

Camila Martinez

Published: 15th April, 2021

The US dollar managed to hit the ground running during the first few hours of this week’s forex trading. The dollar index, which…

The ABC’s of Trading Analysis FROM Technical to Fundamental

Forextraders

Published: 21st July, 2022

The ongoing battle between Technical and Fundamental Analysis is most likely as old as trading itself. This vs. That, what do we opt…

Dollar Dips in Forex Markets as US and China Agree on Trade

Jacob Friedman

Published: 21st July, 2022

US President Donald Trump and Chinese leader Xi Jinping have agreed to a ceasefire on their ever-escalating tariff wars. Trump’s previous announcement that…

Federal Reserve Boss Speech Keeps Dollar Muted in Forex Markets

Joshua Crafter

Published: 21st July, 2022

The US dollar didn’t rise as much as some traders might have hoped yesterday after the Chair of the Federal Reserve central banking…

Dollar Declines in Forex Markets as Midterm Elections on the Horizon

James Randall

Published: 21st July, 2022

The forex market’s nerves around the American political situation were revealed on Monday as one final day of campaigning took place before voters…

November has Finally Arrived, but Analysts Continue their Recession Rants

Chris Lee

Published: 21st July, 2022

For everyone on Wall Street, October was interminable. It just would not end. Even the optimists reviewed history and discovered that, even as…

Yen Drops in Forex Markets as Bank of Japan Issues Warning

Joshua Crafter

Published: 21st July, 2022

The Bank of Japan indicated that it wasn’t planning to limit its stimulus packages any time soon after it kept monetary policy in…

Two Men Suspected Over Alleged Nigeria Forex Fraud

Jacob Friedman

Published: 15th April, 2021

Two brothers are under suspicion of carrying out a large-scale foreign exchange scam in Nigeria which is believed to have affected over 3,000…

US Dollar Leads in Markets After Treasury Boss’ Provocative Comments

Joshua Crafter

Published: 21st July, 2022

The US dollar was on the rise as trading began for the week this morning. The dollar index, a tool used to work…

Stocks Plunge, Analysts Swoon, is this Temporary or Something Bigger?

Chris Lee

Published: 21st July, 2022

It was the best of days; it was the worst of days. Wednesday and Thursday may have been two of the “worst” days,…

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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