In order to read news events, you should familiarise yourself with economic indicators, which are macroeconomic factors that have an impact on all financial markets, whether it be forex, shares or indices. 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. As discussed, our online trading platform, Next Generation, releases regular news and analysis articles for all financial markets. We also provide fundamental analysis reports from Morningstar, as well as market commentaries and updates from Reuters news on our news and insights section of the platform.
USD/JPY ended last week with strong gains and the uptrend has continued today. Uncertainty sums up the feeling in the markets at the moment and Forex news that is perfectly highlighted by th… After a splendid week, in which GBP/USD jumped 2.8%, the pound has reversed directions and is sharpl…
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We give calls from Monday to Friday in suggested intervals. In case we couldn’t get through, we will try again at the same time the next day. Every https://www.tdameritrade.com/investment-products/forex-trading.html week we expect many interesting events that can shake the market. Get tight spreads, no hidden fees, access to 10,000+ instruments and more.
- US stocks are finishing October on a down note as Wall Street braces for any signs from the Fed that…
- Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers.
- A decision to lower interest rates could make a country’s currency less attractive, causing it to fall against other world currencies.
- You can also set alerts for individual events that you wish to monitor.
- Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies.
Some brokers offer automated news trading signals that can help a trader to make decisions on whether to enter, exit or avoid a trade. These hints are based on price fluctuations after a certain type of news release and can prompt traders to either buy or sell an asset. Economic announcements often involve these particular factors when advising https://pvplive.net/dotbig-forex-broker-review/ traders of recent changes within the markets. This can have an impact on market sentiment, especially if the data announcement is not in line with what the traders had been expecting. We show you the best graphs so you can have a complete analysis of all the markets. FXStreet also covers the cryptocurrency markets on a 24/7 basis.
Economic Indicator
These currencies are often referred to as resource currencies. Prices of commodities that affect these currencies can be influenced by issues affecting supply and demand. French stocks rose sharply on Tuesday and bond yields declined as markets held out hopes that the DotBig overview U.S. Federal Reserve will soften its hawkish stance after delivering a widely expected 75-bps rate hike on Wednesday. Asian shares advanced while bond yields eased slightly on Tuesday following mild losses on Wall Street as investors turned their focus to the U.S.
Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”? Also, the Fed’s favorite measure of inflation is back up to levels not seen since March. Experience award-winning platforms with fast, reliable execution and enjoy tight spreads on FX – as low as 0.2 for EUR/USD Forex (with fixed $5 commissions per 100K). The British pound easily took the top spot this week as the massive uncertainty with the U.K.’s political and financial scene eased. Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position.