A more common news trading strategy

Since the market consensus was 9.0% but the actual report showed a bigger 10.0% unemployment rate, the big players would sell off more of their dollars because the U.S. looks a lot weaker now than when the forecasts were first released. This is a common phrase used in the forex market because often times it seems that when a news report is released, the movement doesn’t match what the report would lead you to believe. The greenback continued to weaken against its rivals on Tuesday and the US Dollar Index erased a large portion of the previous week’s gains. Forex The risk-positive market environment made it difficult for the dollar to find demand and the benchmark 10-year US Treasury bond yield returned below 1.8% to weigh further on the currency. 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. We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We’re also a community of traders that support each other on our daily trading journey.

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  • A more common news trading strategy is the non-directional bias approach.
  • When the news hits, the price tends to spike in one direction or has a muted reaction to the data as traders digest the outcome against market expectations.
  • This is a common phrase used in the forex market because often times it seems that when a news report is released, the movement doesn’t match what the report would lead you to believe.

Gold is attempting to return to the $1800 area on Tuesday. The bulls do not want the price fixing below this round level, as they want to avoid the markets starting a wider liquidation of long positions in the metal…. A flag icon indicates the country of the data release, and next to it, its currency. So you can quickly scan and see what currencies might be affected today https://www.investopedia.com/articles/forex/11/why-trade-forex.asp or in some specific days. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers.

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We are leading source for latest news on cryptocurrency along with technical analysis on the foreign currency, commodities and trading strategies. We are go to source for you to get breaking news stories and in-depth market updates from around the world. The real-timeEconomic Calendarcovers financial events and indicators from all over the world. The Real-time Economic Calendar only provides general information and it is not meant to be a trading guide. FXStreet commits to offer the most accurate contents but due to the large amount of data and the wide range of official sources, FXStreet cannot be held responsible for the eventual inaccuracies that might occur.

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Note that NZDCHF made an especially large and surprising move over the past day. King Dollar reigned this week as traders anticipated & reacted to a pretty hawkish Fed statement, & likely on weakening economic data. Crude oil prices are hovering at 7-year highs as OPEC+ prepares to update production forex trading quotas. Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted.

Economic Calendar

The reader is solely responsible for his/her use of such information and trading news and the appropriateness of the same to him/her. The Financial Investment Group ReviewThe Financial Investment Group is brokerage that offers trading services for a range of assets. It manages to leverage its experience and create a service that retains a high degree of quality. The Financial Investment Group has also modernized with a broad array of features that modern traders enjoy. Trade Horizon ReviewTrade Horizon is the broker to choose if you want to get into the trading market smoothly. You’ll find what you need, as Trade Horizon offers a plethora of products and tools for instant trading.

Choose from spread-only, fixed commissions plus ultra-low spread, or STP Pro for high volume traders. Usually, weak NFP figures have a negative impact Forex trading on the greenback’s performance against its major rivals but the US Dollar Index didn’t suffer any noticeable losses after the last two releases.

Forex News Today: Daily Trading News

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USDCAD returns to the high from yesterday The USDCAD has been up 4 of 5 days this week. The low was made on Monday at 1.2553, and that level was tested again ahead of the Bank… We continue to see significant volatility from the Australian dollar.

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 JPY was the outperformer for the day, changing by 0.23%. Alternatively, ZAR changing by -0.84%, making it the worst performer of the bunch. What are markets expecting and what other events can you trade? The Australian dollar and other riskier currencies recovered some lost ground against the U.S. dollar on Monday, after suffering their biggest plunges in a year at the end of last week amid a hefty sell-off in global bond markets. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate.