This is highly useful as you don’t have to follow solely the news of one website, you have many to pick from giving you a better idea of how well the forex market is going. Another useful thing DailyFX does is show you how bullish or bearish traders are now. In other words, barclay stone what percentage of traders are buying or selling on different currency pairs. Cryptocurrency traders can also benefit from Forexlive’s cryptocurrency section as well. The forecast section publishes news very frequently, sometimes many articles in the space of a few hours.

  • It’s been a feast for bears operating on an hourly timeframe, as nzdcad has now gone down 4 of the past 5 hours.
  • Price action traders will also want to note that a base appears to be forming on EURCHF.
  • Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
  • The British pound is often closely linked to risk demand in global markets due to London’s position as a significant financial hub.
  • Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies. Of note is that EUR was the outperformer for the day, moving by 0.66%. By Peter Nurse https://br-stone.net/ Investing.com — The U.S. dollar weakened Wednesday as signs of progress in the peace talks between Ukraine and Russia boosted risk sentiment to the detriment of this… Keep track of the latest currency market moves as they develop.

Rupee Jumps 41 Paise To Close At 75 80 Against Us Dollar

Read the monthly currency news from the OFX currency specialists and keep informed on the macroeconomics of future currency movements in the coming month. Option to pick out key ongoing events, such as Brexit and the US-China trade war. Also allows readers https://www.forexlive.com/ to filter articles and analysis by currency pair. Focuses on a wide range of topics that can affect a nation’s economy and doesn’t just stick to major and minor currency pairs. Traders can also read up on cryptocurrencies, commodities and indices as well.

forex news

By Gina Lee Investing.com – The dollar was up on Thursday morning in Asia, finding some support as commodity currencies took a breather from their recent steep rally. It’s important to keep track of the market consensus and the actual numbers, you can better gauge which news reports will actually cause the market to move and in what direction. What you would see on your charts would be a huge dollar rally across the board because the big market players didn’t expect this to happen. Relative to other instruments in the forex asset class, gbpchf ranked 29th the day prior in terms of percentage price change. Stay up to date with the financial markets everywhere you go. The conflict in Ukraine was the main focus once again, so traders once again had to balance developments there with rising inflation fears and central bank expectations. Determine significant support and resistance levels with the help of pivot points.

Oil Prices Cool Down As An Opec Member Supports Output Hike

During July, Federal Reserve Chairman Jerome Powell mentioned his concerns about labor market growth twice in his public speeches. Learn how to trade forex in a fun and easy-to-understand Forex format. British CPI data came in higher than expected, increasing the negative real British interest rate, and sparking an initial drop in the relative value of the British Pound.

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For more barclay brokers beyond what is offered on CFDTrading, check out Forex Factory, FX Empire, and ForexLive. For the latest stories on specific currency pairs, try the articles below. GBPUSD finds sellers against its 100 hour moving average The GBPUSD moved higher with the flow of funds favoring European currencies (esp. the EUR) after the comments from… The rally in USD/JPY has massively accelerated in recent weeks as markets and the Fed have become increasingly hawkish on US interest rates.

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