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Even the neatest forex or stock chart patterns can temporarily be thrown out of sync by a significant trading announcement, such as the latest unemployment news or changes to interest rates or inflation from a nationwide bank. Traders should be aware that demand for many commodities – and therefore the commodity’s price – rises and falls with the seasons. Seasonal forex trading news and impacts tend to be seen in energy and agricultural commodities, but less so for precious metals. The table below shows some of the main resource currencies and the commodities that affect them. These can be used by traders as a sort of trading signal, as it can help to predict where the price of the currency is headed.

  • Forex trading involves significant risk of loss and is not suitable for all investors.
  • The euro strengthened against its major rivals in the European session on Monday, ahead of the European Central Bank’s monetary policy announcement due later this week that is expected to deliver a 50 basis point increase in key rates.
  • News that could reflect changes in supply may cover political tensions, wars, terrorism, weather, economic sanctions, labour relations and more.
  • If the news release requires a few days or weeks to materialise, your trading positions may be open over several days.
  • Asian shares were under attack on Tuesday, following the negative cues from Wall Street overnight as unexpectedly strong US data revived expectations of the Fed raising rates more than expected.

Determine significant support and resistance levels with the help of pivot points. OANDA Senior Market Analyst Craig Erlam discusses the recent performance of US stocks in light of an… OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. It has been a generally muted week for the New Zealand dollar, save for Monday, when it fell by 1.3%… US stocks are settling higher after a mixed round of pricing data seemed unlikely to change what the… US Two blockbuster events will have Wall Street on edge as the disinflation trade may have gotten…

Two trades to watch: EUR/GBP, USD/CAD

News-based trading is especially useful for volatile markets, for example oil trading. Many short-term traders base their decisions solely on technical analysis and price charts, regardless of which markets they are trading.

Mitrade provides execution only service, acting as principal at all times. Gold remains silent as inflation surges ahead Safe-haven assets such as gold are highly sought-after during times of inflation as they tend to hol… By Skerdian Meta, Lead AnalystThe gold price fell to nearly $1,787 in the Tokyo session after failing to hold above the important resistance level Forex news of $1,805.00. President Joe Biden reacted to Arizona Senator Kyrsten Sinema’s decision to leave the Democratic Party to become an independent, press secretary Karine Jean-Pierre said the White House understood her decision. A crypto exchange has come a long way since launching in March and now offers a branded Visa card and feeless peer-to-peer payment platform.

US officials met with China’s vice foreign minister. Talks were candid and substantial.

JP Morgan has extended its lead as top foreign exchange options dealer in the rankings for US mutual funds in the second quarter of the year. 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. This brings overnight DotBig company risk and may require you to pay additional holding costs. Therefore, traders should ensure that they have sufficient funds in their account to cover these costs. The Forex Market Map provide a quick visual view of the foreign exchange markets and how they are performing on the day, as well as how they are performing versus other major currencies.

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Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, said on Monday he would testify remotely at Tuesday’s U.S. House Financial Services Committee hearing to examine the collapse of the company. Exinity Limited is a member of Financial Commission, an Forex news international organization engaged in a resolution of disputes within the financial services industry in the Forex market. The week will have the biggest event in the US political process over the last two years. We covered the most important news of this week in this report.

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