Global Trading News And Market Analysis

Learn how to start one and what you should be tracking with it in this guide. The RBA delivered their sixth consecutive hike today, although at a slower pace than the consensus had pencilled in. Experience award-winning platforms with fast, reliable execution and enjoy tight spreads on FX – as Forex low as 0.2 for EUR/USD (with fixed $5 commissions per 100K). The RBNZ hiked for an eight consecutive meeting to take interest rates to 3.5%. Determine significant support and resistance levels with the help of pivot points. Needs to review the security of your connection before proceeding.

They are also the go-to source for you to get breaking news stories and in-depth market updates from around the world. Action Forex aims to empower individual forex traders to professional trading. Here, you’ll find the latest market updates, live forex analysis, https://finviz.com/forex.ashx forex research, trade ideas, various tools, currency rates, technical forecast, fundamental news, and trading signals. Certain major economic announcements can bring additional volatility in the markets, even if it is for just a short period of time.

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• The FX Leaders news feed is a unique venue for all things facing currencies, CFDs, futures, and cryptocurrencies.
• Therefore, you will need to make quick judgements on how to trade the announcement.
• Markets will be waiting on pin and needles this week to see which central bank may be the next to intervene.
• Oil edges higher into the weekend Oil prices are rising again as we head into the weekend, with the…
• LeapRate’s audience is constantly informed of any regulatory, strategic, or other important changes that could affect their business.

It may be more opportune to wait to open new positions after news events have taken place, and then see if the reason for the trade is still valid. Identify key trends and discover trading opportunities with research, technical analysis and annotated charts from DailyFX’s expert analysts.

Equiti Secures Cysec License To Operate In Europe

Therefore, you will need to make quick judgements on how to trade the announcement. Many short-term traders base their decisions solely on technical analysis and price charts, regardless of which markets they are trading. It’s common for traders to completely ignore fundamental factors and instead follow price trends, analyse support and resistance levels and weigh up various signals from technical indicators. There is normally a consensus https://www.gdatamart.com/303470/Famous-Forex-Broker-DotBig-for-Trading-on-the-Exchange amongst leading economists about what level an economic announcement is likely to come in at. Changes to non-farm payrolls​​, GDP or inflation data will have a resulting effect on the market. For example, low unemployment suggests a strong economy, so many would expect the stock market to rise. A decision to lower interest rates could make a country’s currency less attractive, causing it to fall against other world currencies.

The Monetary Policy Committee of the Reserve Bank of New Zealand decided to lift the Official Cash Rate to 3.50 percent from 3.00 percent. With the value of imports showing a notable decrease, the Commerce Department released a report on Wednesday showing the U.S. trade deficit narrowed by more than expected in the month of August. The Commerce Department said the trade deficit narrowed DotBig LTD to $67.4 billion in August from a revised $70.5 billion in July. The Institute for Supply Management released a report on Wednesday showing a modest slowdown in the pace of growth in U.S. service sector activity in the month of September. The ISM said its services PMI edged down to 56.7 in September from 56.9 in August, although a reading above 50 still indicates growth in the sector.