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News-based trading is especially useful for volatile markets, for example oil trading. Some of the world’s largest central banks are about to make their final rate decisions of the year, while offering their updated policy outlooks for 2023. As with other asset classes, forex trading news can become particularly active before and following major economic events. However, there are significant differences between the type of news that sets apart currencies from other financial markets. Many short-term traders base their decisions solely on technical analysis and price charts, regardless of which markets they are trading. It’s common for traders to completely ignore fundamental factors and instead follow price trends, analyse support and resistance levels and weigh up various signals from technical indicators. In general, news that has a significant impact on individual company shares may not have a major impact on currencies.

forex news

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‘We understand her decision’ -WH on Sinema becoming an independent

Based on the limited figures we have access to, there’s some evidence that the labor market has deteriorated over the last month… Chances are that Powell and gang stick to the plan and only hike 50bps.

forex news

Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. The FX Leaders news feed is a unique venue for all things facing currencies, CFDs, futures, and cryptocurrencies. Whether you are trading crude oil or Euros, the important happenings of the day will be addressed thoroughly, in a timely fashion. The mood across financial markets turned gloomy on Wednesday as disappointing data from China fuelled fears about slowing global economic growth. From time to time, however, economic announcements are very different from what the broader market was expecting, and this can cause an opposite market reaction. For example, if a central bank hints that rate cuts may be coming, but the currency still rises, there could be other factors in addition to the prospect of interest rate changes. If the currency does not drop on an expectation of a fall in interest rates, then positive sentiment is strong, and this could possibly indicate that it is now a buyer’s market.

US open: Futures rise cautiously ahead of a critical week

Solana price is preparing for its next surge as price consolidates since November. Key levels have been defined to assess a bullish and bearish scenario.

  • Changes to non-farm payrolls​​, GDP or inflation data will have a resulting effect on the market.
  • Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day.
  • This could be a wild week for the USDCAD due to the Bank of Canada’s rate decision on Wednesday.
  • This feature can be found on our Next Generation platform and highlights events such as unemployment reports, GDP, CPI and PPI figures, as well as trade reports and sentiment surveys.
  • Our news and analysis section is updated daily with articles on the forex, share, treasury, commodity and index markets, written by our market analysts.
  • Therefore, it may be easier for some to make more reliable forex news trading predictions on how the market will perform.

Forex trading involves significant risk of loss and is not suitable for all investors. AUD/USD DotBig account trades near a Monday low of 0.6728, and risks another leg south in the near term.