When it comes to the markets, staying abreast of important economic events and breaking news items is a full time job. Whether one is an active day trader or a long-term investor, the need to be current is one that must be satisfied every single day. The FX Leaders news feed is a great way to stay on top of the evolving global marketplace. https://www.ig.com/en/forex The mood across financial markets turned gloomy on Wednesday as disappointing data from China fuelled fears about slowing global economic growth. There is also the risk of carrying positions for a longer period of time. If the news release requires a few days or weeks to materialise, your trading positions may be open over several days.
Many offer complimentary updates and sensational headlines, while others are subscription-based. Depending upon your individual needs, many of these options may be viable alternatives. In general, news that has a significant impact on individual company shares may not have a major impact on currencies. Stock market news that has little or no impact on currencies includes earnings reports, management changes, mergers and acquisitions and partnerships. Therefore, it may be easier for some to make more reliable Forex trading predictions on how the market will perform. News related to market sentiment can also influence currency trading, particularly those considered to be safe havens, including the commodity gold, as well as major currencies USD, JPY and CHF.
Bitcoin hits the ceiling
Based on the limited figures we have access to, there’s some evidence that the labor market has deteriorated over the last DotBig.com month… In this week’s shortened edition, we are discussing the Fed policy and getting technical on the S&P 500.
- Therefore, it may be easier for some to make more reliable forex news trading predictions on how the market will perform.
- Get expert reaction to latest market news and seize potential opportunities.
- ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- There is also the risk of carrying positions for a longer period of time.
- These can include changes to interest rates, inflation, unemployment levels or retail income for a specific country and these all have a significant effect on the financial markets and overall state of the economy.
I understand that residents of the US are not be eligible to apply for an account with this FOREX.com offering, but I would like to continue. Trade with a market leader and stable partner invested in your success. Take control of your trading with powerful trading platforms and resources designed to give you an edge. Choose from standard, commissions, or DMA to get the right pricing model to fit your trading https://getblogo.com/dotbig-ltd-review-key-findings-of-the-broker/ style and strategy. The US dollar has found some stability following hawkish comments from Fed members, which has seen a double top pattern form on EUR/USD’s daily chart. USD/CAD made a large move higher today, though it doesn’t seem like it was based on fundamentals. Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.
Breaking News
The RBA used the last meeting of the year to hike interest rates by another 25bp – its eighth hike in as many meetings. USD/JPY is one of the more interesting pairs to watch in this data-light session, as it tests a key support level. Please note that English is the main language used in our services and is also the legally effective language in all of our terms and agreements. In the event of any discrepancy between the Forex English version and the other versions, the English version shall prevail. With FNG’s Newsletter you’ll get all the latest breaking FX Industry news stories – in a concise daily email, directly to your Inbox. The euro hit a six-month high against the dollar but later slipped back amid uncertainty over next month’s French parliamentary elections. When it comes to modern active trading, truer words are hard to find.
Wouldn’t it be nice to know what is going to happen while you are away from the trading screen and how your open positions will be affected? The ability to read between the lines is a big part of being a successful trader. Without the proper context, the potential market impact of a breaking news item or scheduled economic event can seem to be a mystery. Understanding the event, which markets will be affected, and how to profit from the action are skills derived from years of experience. That is where the team at FX Leaders comes in ― they have the know-how to recognize which news items are market-movers, and which are simply noise. 79% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider. A live account will give you access to Morningstar equity research reports and Reuters news headlines, which provide a wealth of information for all asset classes..