Khalid The foreign exchange (forex) market is highly sensitive to global events. Political upheavals, economic crises, natural disasters, and pandemics can cause significant volatility in currency values. For traders, understanding how these events influence currency pairs is crucial for making informed decisions and managing risk effectively. This article explores several historical global events and analyzes their … Read more
Central banks play a crucial role in the forex markets, with their policies significantly influencing currency values. Decisions on interest rates, quantitative easing, and other monetary measures can lead to substantial fluctuations in currency pairs. How Central Bank Decisions Affect Forex Markets Interest Rate Changes When central banks raise interest rates, the national currency typically … Read more
Presidential elections in the United States are a significant event with the power to influence financial markets, particularly the US dollar (USD). The uncertainty surrounding election outcomes and the potential shift in economic policies can lead to increased volatility in the forex market. Historical Overview Historically, the USD tends to experience fluctuations during election years … Read more
The forex and global stock markets are intricately linked, with movements in one often influencing the other. Understanding this relationship can offer forex traders valuable insights into currency movements and help them craft better trading strategies. The Relationship Between Forex and Stock Markets Currency Fluctuations and Stock Prices: A country’s currency value can significantly impact … Read more
When it comes to forex trading, understanding what drives the market is key to making smarter, more confident decisions. While technical analysis can give you insight into price trends and patterns, the real heartbeat of the market often lies in economic indicators. These data points—from inflation and employment figures to central bank announcements—tell the story … Read more
EURGBP On the 4-hour chart, EURGBP broke the previous low and created a new bottom with a potential retracement to the 61.8% Fibonacci. If price tests 0.85607 and shows enough bearish price action, we short to 0.84610 as potential target. GBPCAD On the weekly chart, price is moving up now around 50% Fibonacci retracement level. … Read more
Our Weekly Forex Fundamental Analysis offers traders a comprehensive overview of the key financial events and trends that could impact currency values in the upcoming week. From central bank policies to geopolitical developments, we break down the critical factors shaping the Forex landscape, providing you with the insights needed to make informed trading decisions. Whether … Read more
MON: US Democratic National Convention (Aug 19-22), Bank of Indonesia Announcement, New Zealand Trade Balance (Jul) TUE: US Democratic National Convention (Aug 19-22), PBoC LPR, RBA Minutes, Riksbank Announcement, CBRT Announcement, EZ Final CPI (Jul), Canadian CPI (Jul) WED: US Democratic National Convention (Aug 19-22), FOMC Minutes, Japanese Trade Balance (Jul) THU: US Democratic National … Read more
In the rapidly evolving landscape of forex trading, advanced traders are continually seeking innovative ways to gain a competitive edge. The advent of big data and machine learning has opened new frontiers in trading, particularly in the realm of fundamental analysis. By leveraging these technologies, traders can process vast amounts of information, identify patterns, and … Read more
Forex trading is more than just charts and technical analysis; it’s deeply intertwined with the global economy. Economic indicators are key metrics that provide insight into the health and direction of an economy, and understanding these indicators is crucial for any trader aiming to make informed decisions in the forex market. In this article, we … Read more