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With central bank meetings from the FOMC, BOE, and ECB, along with CPI data from the US and UK, this is sure to be one of the busiest weeks of the year. The most important thing for a Forex trader is the development of a winning trading strategy. This type of education is hard to come by, and few ever master it. You can look at charts for weeks on end, but unless you discover a winning strategy you can soon end up loosing all your money as a trader.

For more beyond what is offered on CFDTrading, check out Forex Factory, FX Empire, and ForexLive. For the latest stories on specific currency pairs, try the articles below. The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies. We see that ZAR was the big outperformer, moving by 1.39%. On the flip side, MXN fared the worst, moving by -1.82%. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.

Forex Market Insights from TradingView

This app has great potential, I have 3 suggestions, 1. Add the ability to filter, I for one only trade USD/JPY at the moment, euro or aud news,technicals and fundamentals are valueless to me e.g this would save data and time to sync., 2.

Gold price holds lower ground near $1,780 after confirming a bearish chart pattern before a few hours. That said, the yellow metal’s latest inaction could be linked to the market’s cautious mood ahead of the United States’ key inflation numbers for November. In this week’s edition, we discuss the dollar ahead of the big central bank meetings next week.

Determine significant support and resistance levels with the help of pivot points. By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Monday and the Chinese yuan soared to its highest level since https://dotbig.com/ mid-September as relaxation of some of… By Ambar Warrick Investing.com– Most Asian currencies slipped on Tuesday as renewed fears of rising U.S. interest rates largely offset optimism over easing COVID-19 restrictions…

Commodity News

Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for EURJPY and EURNOK. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs. Price action traders will also want to note that a base appears to be forming on USDMXN, NZDJPY and AUDCHF.

• China’s bank lending increased less than expected in November despite efforts of the central bank to prop up credit and support economic growth, official data revealed Monday.
• By Caroline Valetkevitch NEW YORK – The U.S. dollar was up slightly against the euro and yen on Tuesday as U.S. stocks sold off, while investors were trying to position…
• Treasury Secretary Janet Yellen on Thursday hailed fellow pioneers during the unveiling of the first U.S. banknotes printed…
• By Yasin Ebrahim Investing.com – The dollar’s joyride on the back of the strong November jobs report Friday ran out of steam, but the bears aren’t likely to squeeze the greenback…

Ramchandani, who was acquitted of charges relating to … This move is a reversal from the hour prior, which saw price move up. How to Trade with the Relative Strength Index The Relative Strength Index is a popular technical indicator used to identify over-bought or over-sold conditions. The US Dollar is in focus as inflation and the FOMC are in the spotlight over the next two days, and then we hear from the ECB and the Bank of England.

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By Ambar Warrick Investing.com– Most Asian currencies kept to a tight range on Wednesday as markets weighed more signs of an economic reopening in China against growing concerns… By John McCrank and Amanda Cooper NEW YORK -The dollar edged lower on Thursday against the euro as investors weighed the outlook for U.S. By Saqib Iqbal Ahmed NEW YORK – A breathtaking surge in the U.S. dollar trampled foreign currencies, DotBig gouged corporate profits and gave investors one of the year’s few… By Ambar Warrick Investing.com– Most Asian currencies rose slightly on Friday while the dollar retreated in anticipation of U.S. inflation data, with the Chinese yuan set to… By John McCrank and Saqib Iqbal Ahmed NEW YORK -The dollar edged higher against the euro on Friday after U.S. producer inflation data for November came in slightly…

GBP/AUD Down 27 Pips in Last Hour, in an Uptrend Over Past 14 Days; Social Sentiment Biased Towards Selling

If Core PCE continues to fall over the coming months, the Fed may end up hiking rates less than it expects, or even cutting rates before the end of next year. USD/JPY is one of the more interesting pairs to watch in this data-light session, as it tests a key support level. Although https://dotbig.com/ it had an immediate impact on the markets once it was released, the PPI print alone shouldn’t have too much influence on the FOMC decision. We rely on reader support and your contribution will enable us to keep delivering quality content that’s open to everyone across the world.

Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. I teach my students how to become a professional Forex Trader, to understand how markets really work, to make profits while the markets are moving down and everyone is in panic mode. My purpose is to help you generate monthly profits, and a commitment to the success of my students. We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools. We’re also a community of traders that support each other on our daily trading journey.

Discard the full screen ads, who wants to see useless full screen ads while day trading ? Enable custom nofications, for technicals only or everything, and let us see the contents in the notification ticker, number of articles is not enough. I focus on money DotBig management and a unique approach to forex trading. I have been trading equities, forex and advanced options strategies since 1997. In forex trading I have been capable of achieving more than 40% in monthly profits on a consistent basis since 2006.

It’s a busy week for market players everywhere as we price in FOUR central bank decisions and a few key inflation and labor market reports. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.