An economic event in the context of the currency markets is a scheduled news release that will have an impact of the currency. To put this in another way, technical analysis is the method of predicting future price based on past price history. Fundamental analysis on the other hand explains the factors behind driving the prices. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. By Iain Withers LONDON Forex – The U.S. dollar resumed its slide on Monday as risk appetite across markets tentatively strengthened, supported by encouraging economic data and… By Peter Nurse Investing.com – The U.S. dollar climbed in early European trade Tuesday after a hefty rate hike by Australia’s central bank prompted further inflation concerns,… Before we end this section, I would like to point out that the news which causes these types of moves isn’t always immediately apparent.
The main forums themselves are then subdivided again into different forums that deal with specific subject areas. Are you interested in the currency pair EUR/USD or USD/JPY? You are guaranteed to find the right forum for the topic at Forex Factory. The same applies to the choice https://finviz.com/forex.ashx of broker, different strategies or the analysis of certain indicators. Forex Factory has been in existence for more than 16 years and is a part of Fair Economy Inc. which includes several web projects. Among others, the projects Metals Mine, Energy Exch and Crypto Craft.
FX Empire is a leading global financial news portal assisting novice and experienced Forex traders to become successful at what they do. In fact, the site offers up to date market news, analysis, and financial news from across the globe. The site covers all asset classes and is translated into 21 languages including English, Spanish, French. Forex traders will also find a new cryptocurrency section on the site where they can learn about Ethereum, Bitcoin and many of the other large cryptocurrencies.
As mentioned earlier that the markets are forward looking, you will almost always find that the price action you see potentially reflects what is going to happen. Therefore, it is not surprising to note that sometimes ahead of high impact news releases such as monetary policy decisions, the currency can rally or decline. These fundamental news events are therefore represented by the day to day economic calendar agenda.
Livecharts Couk Currency Strength Meter
Some are high impact events while others are low impact events. Below are 9 Forex sites we review each day and believe any serious trader should. There are forums on most of these websites where other traders share their knowledge in order to help their fellow traders improve DotBig company their trading skills. You can find a majority of economic news schedules coming under this category. The news impact of the orange folder icon can depend on market conditions. For example, the Eurozone’s flash PMI’s are one such news releases falling under this category.
- That said, expectations for more interest rate hikes in the US and Europe held back traders from placing aggressive bullish bets around the non-yielding yellow metal.
- As such, ahead of the central bank decision, the markets already have a fair idea of what the central bank will do.
- BRUSSELS – Six of the seven EU countries outside the euro zone are still not ready to join, the European Commission said in a report on Wednesday, with only Croatia…
- He’s been interviewed by Stocks & Commodities Magazine as a featured trader for the month and is mentioned weekly by Forex Factory next to publications from CNN and Bloomberg.
- The image below illustrates how you can expand the details of a given news event.
In summary, Forex Factory is an interesting virtual place where Forex traders can gather. Both appropriate tools and a good community are https://definithing.com/entertainment/dotbig-ltd-review-online-trading-for-beginners/ located on the website and are waiting to be used by you. Basically, it is always useful to look at such a list before choosing a broker.