Forex Market Forecast for August 2023
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While the first half of July began as predicted, with US dollar weakness, the second half saw the US dollar make substantial gains,…
Forex News
The Week Ahead – 31st July 2023
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FOCUS ON: US Jobs Report Set to Cap Off a Busy News Week July US Non-Farm Payrolls jobs report due on Friday Tech…
The Week Ahead – 24th July 2023
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FOCUS ON: Earnings Season and Central Bank Rate Decisions Big names, including Microsoft, take their turn to update investors during the US earnings…
The Week Ahead – 17th July 2023
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FOCUS ON: Earnings Season and UK Inflation Data Increased appetite for stocks, euro, and sterling triggered by low US inflation numbers Earnings season…
The Week Ahead – 10th July 2023
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FOCUS ON: US-China, Inflation, Dovish Guidance Last week’s Non-Farm Payroll jobs increased the levels of uncertainty in financial markets. This week’s US-China talks…
The Best and Worst Performing Currency Pairs in June 2023
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The forex market in June was dominated by moves in the Turkish lira and Russian rubble, which both weakened significantly against their more…
Forex Market Forecast for July 2023
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The second half of June has seen economic worries creep back into markets, with equities moving lower and risk-off-associated currencies making some gains….
The Week Ahead – 3rd July 2023
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FOCUS ON: US Non-Farm Payrolls Employment Report Monthly jobs number is the highlight of trading news week. Non-Farm Payrolls employment data to shed…
Powell Sets Out the Variables Which Will Influence Forex Rates Over the Summer
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Jerome Powell maintains hawkish stance US dollar rallies on back of rates being higher for longer Economic reports that might cause the Fed…
The Week Ahead – 26th June 2023
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FOCUS ON: Fed Guidance Due Midweek Most Likely Trigger of Breakout of Consolidation Patterns Range trading could be a dominant theme during a…
BoE Interest Rates – Short-term and Long-term Prospects for GBPUSD
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The Bank of England is set to raise interest rates – but by how much? Markets are split on whether the BoE will…
The Week Ahead – 19th June 2023
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The Bank of England updates markets on interest rate policy on Thursday. Consumer sentiment and inflation reports in the UK and the Eurozone…
“Hawkish Pause” Dominates EURUSD Strategy Planning
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The Fed holds US interest rates steady in a move dubbed a “hawkish pause.” The guidance released after the rate announcement reveals Fed…
The Week Ahead – 12th June 2023
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FOCUS ON: Busy Week for Traders. Interest Rate, Inflation and GDP Numbers to be Released The Fed, ECB, and Bank of Japan will…
The Case for Buying EURUSD Ahead of Next Week’s Interest Rate Decisions
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The US Federal Reserve and European Central Bank both update the markets next week. Price volatility levels can be expected to pick up…
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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