Get the latest news and insights straight from FXTM’s in-house market analysts. Our team explain the price movements of the global markets, giving you the in-depth knowledge you need to place your next trade with confidence. Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency network following an 8-month experiment on different technologies and currencies.
A crypto platform has been built using technology familiar to forex traders, potentially injecting new capital into the market. AUD traders were caught off guard with a smaller than expected rate hike by the RBA, sending AUD lower. We’re about to enter the final quarter of what’s already been a tumultuous year for global financial markets.
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By following our news, this ensures that you are always up-to-date with the latest trends and changes within the financial markets, as well as general economic announcements. Certain major economic announcements can bring additional volatility in the markets, even if it is for just a short period of time. 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. Recent examples include the Greek debt crisis and China market turmoil.
There is normally a consensus 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. Our Morningstar equity research reports are updated regularly with new information about company fundamentals.
Currencies
However, fundamental analysis is just as important in the modern trading world as technical analysis. News releases such as earnings reports and changes to interest rates and inflation can significantly impact the markets. Trading on news releases can, therefore, prove vastly beneficial to traders and can significantly strengthen their trading strategy by adding https://www.forexlive.com/ economic announcements to their purely technical and charting approach. Learn how to trade the news and spot potential trading opportunities within the financial markets. 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.
- 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.
- Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors.
- MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world.
- The RBNZ hiked for an eight consecutive meeting to take interest rates to 3.5%.
Speculation and pricing related to demand is mainly influenced by many of the same major news releases noted above, plus commodity inventory reports and outlooks. DotBig review Our news and analysis section is updated daily with articles on the forex, share, treasury, commodity and index markets, written by our market analysts.