Trading Forex at the News Release
Reviewed by Nick Cawley on December 10, 2021. Trading forex news releases requires a tremendous amount of composure, preparation and a well-defined strategy. Without these qualities, traders can easily get swept up in all the excitement of a fast-moving market to their detriment. This article provides useful strategies on how to trade forex news during […]
Traders struggle to cheer China, IMF news, softer Oil price amid mixed details
Asia-Pacific equities trade mixed, grinding lower of late as traders remain cautious ahead of top-tier data/events. Upbeat China PMI, IMF growth forecasts join Covid-linked headlines to underpin bullish bias. Mixed concerns surrounding China, due to downbeat Industrial Profits, sour sentiment in India and hawkish BoJ talks probe equity buyers. S&P 500 Futures hesitate in extending […]
ForexLive European FX news wrap: Dollar steady amid tentative market mood
Headlines: Markets: JPY leads, GBP lags on the day European equities little changed; S&P 500 futures down 0.3% US 10-year yields up 5 bps to 3.551% Gold flat at $1,928.30 WTI crude up 1.5% to $82.19 Bitcoin down 0.6% to $22,927 It was another quiet session in Europe, with not much in terms of data […]
How to Trade Forex News: An Introduction
Major economic data has the potential to drastically move the forex market. It is this very movement, or volatility, that most newer traders seek when learning how to trade forex news. This article covers the major news releases, when they occur, and presents the various ways traders can trade the news. Why Trade the News […]
Forexlive Americas FX news wrap: PCE data matches estimates
Markets: Gold down $1 to $1928 US 10-year yields up 2.5 bps to 3.51% WTI crude oil down $1.63 to $79.37 S&P 500 up 0.25% to 4070 JPY leads, EUR lags The week is winding down and FX is largely flat on the day. There was some USD buying into the London fix but it […]
US Breaking News: Q4 GDP Surges to 2.9% on the Quarter, USD Dips
GDP continues to show the US economy’s resilience despite warnings of a growth slowdown. Even the employment data showed positive signs in an already tight market Source link
Iran, Russia, China Hold Joint Naval Drill Amid Growing Ties
Iran, Russia, and China are holding their third joint naval drill in the northern Indian Ocean, amid speculation that the three countries are teaming up in the face of growing regional tensions with the United States. Source link
ForexLive European FX news wrap: Dollar steady awaiting US data
Headlines: Markets: AUD leads, JPY lags on the day European equities slightly higher; S&P 500 futures up 0.2% US 10-year yields up 2 bps to 3.482% Gold down 0.5% to $1,936.17 WTI crude up 0.8% to $80.78 Bitcoin down 2.6% to 22,983 It was a quiet session for the most part with there not being […]
Gold and silver boom predicted as US hits debt ceiling, dollar devalues
article FILE-Gold bullion bars are pictured after being inspected and polished at refinery in 2020. (Photo by DAVID GRAY/AFP via Getty Images) Ongoing inflationary pressures and increasing risk the federal government could default on its loans will likely see Wall Street traders rush to precious metals in 2023. The U.S. hit its $31.4 trillion […]
ForexLive Asia-Pacific FX news wrap: USD a touch weaker, not much in it
In Asia Tuesday markets remained closed in: for Lunar New Year holidays. The full list of the extended Asian timezone holidays can be found here: The absence of key markets meant thin liquidity trade in the region. News flow was limited. We did get preliminary PMIs for January from Australia and Japan. These tend to […]