Khalid In the dynamic world of forex trading, staying ahead of market movements requires more than just technical analysis and chart reading. For advanced traders, conducting a thorough macro-environmental analysis is crucial for making informed forex decisions. This approach involves evaluating the broader economic, political, and social factors that can influence currency markets. In this article, … Read more
When it comes to forex markets, central banks wield significant influence—not just through the policies they implement but also through how they communicate those policies. In fact, the words and tone used by central bankers can sometimes drive market movements more than the actual decisions themselves. For traders, this creates an opportunity: by understanding and … Read more
Sentiment analysis plays a crucial role in forex trading, offering insights into the collective mood or attitude of market participants toward a specific currency pair. Unlike technical or fundamental analysis, which relies on historical data and economic indicators, sentiment analysis focuses on the psychology and emotions driving market decisions. Understanding how trader sentiment affects forex … Read more
Inflation is a critical economic indicator that plays a significant role in determining the value of a country’s currency. For forex traders, understanding how inflation influences currency strength is crucial for making informed trading decisions. In this article, we’ll explore the relationship between inflation and currency strength, using the United States as a key example. … Read more
Interest rate decisions made by central banks, especially the U.S. Federal Reserve (Fed), have a major impact on the forex market. These decisions directly influence currency values by shaping the broader economic outlook and driving investor sentiment. For forex traders, understanding how interest rate decisions work and the ripple effects they create in currency markets … Read more
EURUSD Price is still trapped inside the weekly range between 1.06123 and 1.09449 levels. If price breaks above this range, we short at 1.12775. USDCHF After a deep correction on USDCHF, price showed bullish evidence to the upside. Price might revisit the 0.85689 level before moving higher this week. EURJPY This pair was smashed by … Read more
MON: OPEC Monthly Oil Market Report; Japanese Market Holiday (Mountain Day), German Retail Sales (May), Indian Trade Balance (Jul) TUE: IEA Oil Market Report, Australian Wage Price Index (Q2), UK Jobs (Jun/Jul), German ZEW Survey (Aug), US PPI (Jul) WED: RBNZ Announcement and Quarterly MPS, Bank of Israel Announcement, UK Inflation (Jul), Swedish CPIF (Jul), … Read more
When market turbulence strikes, traders often seek refuge in what are known as safe-haven currencies. But what exactly are these currencies, and how can you trade them during times of uncertainty? In this article, we’ll dive into the concept of safe-haven currencies, explore why they are favored during economic downturns, and look at how the … Read more
If you’re serious about forex trading, you’ve probably heard the term “economic indicators” thrown around. But what exactly are they, and why do they matter? Think of economic indicators as the pulse of a country’s economy. They tell you how healthy or sick a nation’s economy is, which, in turn, influences the value of its … Read more
In the world of forex trading, geopolitical events can be both a trader’s best friend and worst enemy. These events often come out of nowhere, sending shockwaves through the markets and causing currency values to fluctuate wildly. To succeed in forex trading, it’s essential to understand how these events impact the markets and how you … Read more