On the supply side, news that suggests a lower supply can push up prices, while news that suggests higher supply can depress prices, which can then impact related currencies. News that could reflect changes in supply may cover political tensions, wars, terrorism, weather, economic sanctions, labour relations and more. Speculation and pricing related Forex news to demand is mainly influenced by many of the same major news releases noted above, plus commodity inventory reports and outlooks. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
There is also the risk of carrying positions for a longer period of time. If the news release requires https://www.techspotty.com/dotbig-for-cryptocurrency-trading/ a few days or weeks to materialise, your trading positions may be open over several days.
Exclusive: eToro Germany boss Dennis Austinat resigns, following Marketing and Ops heads
Determine significant support and resistance levels with the help of pivot points. Get expert reaction to latest market news and seize potential opportunities. In this week’s edition, we discuss the dollar, EUR/USD, gold and the Russell index. The crypto market could be in the same phase where it was in late 2018 when the bulk of Forex the decline was behind it. The decline in HODLer balances does not indicate a widespread loss of confidence in bitcoin’s prospects. Retail Sales in the US are forecast to rise by 1% in October after staying unchanged at $684 billion in September. Market participants will pay attention to the Q3 earnings reports of big retailers.
- The British pound has reversed directions on Tuesday and posted sharp gains.
- This feature can be found on our Next Generation platform and highlights events such as unemployment reports, GDP, CPI and PPI figures, as well as trade reports and sentiment surveys.
- ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Consumer price inflation reached a 41-year high in October, driven by household energy and food prices.
- When it comes to modern active trading, truer words are hard to find.
But most trends reverse at some point, and a change in the underlying economics could be the first sign of this. If you use a VPN service, make sure you are connecting from the country that is authorized for fbs.com services. The week will have the biggest event in the US political process over the last two years.
Daily FX Market Review: Dollar Rises After Fed Remains Hawkish
If a company has strong balance sheets, cash flows and earnings reports consistently, then a trader may decide to buy and hold the sharefor a longer period of time. Forex markets tend to respond the most to macroeconomic news – the kind of developments that reflect or impact broad economies. Generally speaking, forex traders can look at economic news to assess its impact on interest rates and monetary policy. News that suggests a more hawkish central bank tends to push forex pairs up in value relative to other currencies, while dovish news can cause a currency to depreciate. When trading on news releases, it is important that you are aware of how financial markets work. Sometimes news is already factored into the assets price.
The British pound has reversed directions on Tuesday and posted sharp gains. The British pound https://finviz.com/forex.ashx is likely to see another few months of turmoil now that Prime Minister Liz Truss has resigned.