Forex Trading News
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The Singapore Dollar remained unmoved despite an incredible, 18.2% monthly rise for industrial production. The market remains focus on the coronavirus and leery of its likely impact on the city state.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Markets are trying to recover from a massive sell-off triggered by the coronavirus scare which is spreading around Europe and the world. Since fluctuation https://forex-review.net/ is the only constant factor in forex, you should ensure that you are knowledgeable about the currency pairs you are trading on. This site provides data regarding currency pairs, currency conversion, and performance information. The site also has exchange rate alarm to help traders know the key signals.
You may lose more than you invest (except for OANDA Europe Ltd customers who have negative balance protection). We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Opinions are the authors — not necessarily OANDA’s, its officers or directors. The Japanese yen gained against most of the other currencies today as coronavirus fears continued to drive investors to safer assets. The yen, being one of such assets, profited immensely from the demand for safety.
Japan’s macroeconomic data released today was good but had a limited impact on the currency. The Mexican peso is trading relatively flat against several major currency competitors on Tuesday. With the latest economic data coming in mixed, the public and investors may be becoming increasingly impatient with President Andres Manuel Lopez Obrador’s policies.
The compilation is not done according to any particular order. These sites are of immense help and aid in supplementing the forex knowledge base you already have. Every trader in Forex market is not necessarily well versed with the trading concepts. To help traders gain the required information that helps them trade more effectively in forex market, here are some of the top recommended sources.
FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. Australia Likely to be Hard-Hit by CoronavirusThe coronavirus is having a negative effect worldwide, particularly on countries with close links to China. The Asian giant is Australia’s largest trading partner, and the severe disruption to China’s economy will likely damage the Australian economy. Economic Data and FED Chair Powell Put the GBP and USD in the SpotlightA busy economic calendar will influence the Pound, while FED Chair Powell’s testimony to Congress is the main event. Fed Concerned About Coronavirus, But Not Expected to Raise RatesThe spotlight was on the Jerome Powell on Tuesday, as the Federal Reserve Chair testified on Capitol Hill.
The CSI 300 index is down by 1.3% while the Shanghai Composite index is down by 0.9% on the day currently. Latest data released by INSEE – 26 February ForexLive Consumer confidence keeps steady near elevated levels and that is an encouraging sign for the French economy, despite recent worries in Europe on the virus situation. The franc is posting decent gains though with USD/CHF down to 0.9740.
Despite a slight retreat on Friday, the greenback is looking to test multi-year highs in the coming sessions. An island bordering Russia and China may become a large financial center for crypto exchanges and forex markets. Want to get in-depth lessons and instructional videos from Forex trading experts?
- Stay up-to-date on breaking forex news as well as relevant financial developments.
- Volatility for usd/jpy has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
- The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
- The forex market is the largest market in terms of trading volume and determines the foreign exchange rate.
- The information present helps in educating traders on the various aspects of forex, and aids them arrive at informed decisions on the daily trades.
- The euro declined today against other most-traded currencies as markets remained in the grip of coronavirus epidemic fear, which made traders less willing to risk and prefer safer currencies to riskier ones.
The information present helps in educating traders on the various aspects of forex, and aids them arrive at informed decisions on the daily trades. The resources range from technical analysis to forex charting software. The sites also have forums that help traders to share knowledge and find new and effective trading methods.
Markets in Digestion Mode, Awaiting Next Coronavirus Development
Register for free at FX Academy, the first online interactive trading academy that offers courses on Technical Analysis, Trading Basics, Risk Management and more prepared exclusively by professional Forex traders. Study a chart of the latest market activity to identify forex trends. This chart is a consolidated view of economic news, blog commentary, forex rates, OANDA spreads, and technical indicators. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only.
The Nikkei posts its lowest close since October last year ForexLive Asian stocks are mostly following Wall Street’s lead lower today but the losses have been managed by the calmer mood in Chinese equities and US futures so far on the day. Here’s a list of potential catalysts you should keep an eye on in the next few days. Coronavirus fears popped back in the markets, causing risk-off flows to surge again and weigh on higher-yielding currencies. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Trading is a lonely venture but with the above mentioned sites, you get to converse with friends, peers, and the trading communities who trade in forex just like you. The information you gain through such sites give you the arsenal you need to harvest profits in forex. Swing Trading is a mid term trading strategy often utilised by FX and CFD traders. Swing Trading positions may be kept open for just a few hours, but Swing Traders can also choose to keep a trade open for much longer, under the right market conditions. If there’s one overriding instrument that can help smart traders obtain a clear edge, it’s the Sentiment Trader.
Commodities Our guide explores the most traded commodities worldwide and how to start trading them. Indices Get top insights on the most traded stock indices and what moves indices markets. Cryptocurrencies Find out more about top cryptocurrencies to trade and how to get started. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors.
The euro declined today against other most-traded currencies as markets remained in the grip of coronavirus epidemic fear, which made traders less willing to risk and prefer safer currencies to riskier ones. Germany released a report on its economic growth during today’s session but markets largely ignored it. Forex, or the foreign exchange market, is a market for trading currencies. The forex market is the largest market in terms of trading volume and determines the foreign exchange rate. It is interesting to point out that — as Bitcoin has an uncertain legal status and is sometimes considered to be a good or asset and not a currency — forex trading with Bitcoin is in an unstable position.
Empowering the individual traders was, is, and will always be our motto going forward. The Japanese Yen is on track to record its worst week in more than two years as concerns over the Coronavirus sent FX traders to the US Dollar as a safe haven asset. Concerns that the Coronavirus is spreading hard and fast beyond the borders of China have pushed FX traders to the safe haven US Dollar, with the Australian Dollar and the Euro losing favor.
I follow many trading products using my math on intraday, daily and weekly trends. USDCAD found some support and is now trading higher following the Sunday gap. Improve your trading knowledge and stay ahead of the curve with our weekly Foundations of Forex Trading webinar. Keep abreast of market opportunities in the FX markets with insights, actionable trade ideas and support. ForexLive After returning from the lunch break earlier, Chinese stocks haven’t had the best of times as it has been more or less one-way traffic on the way down.
Powell acknowledged the risk of the coronavirus, while maintaining that the Fed was not planning to lower interest rates in the near future. The RBNZ Gives the Kiwi a Boost ahead as the Focus Shifts to the EUR and USDThe Kiwi Dollar is on the move early as the RBNZ talks up the economy and downplays the likely effects of the coronavirus.
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