Polygon has formed a massively bullish chart pattern that suggests that the layer two token is yet to climb another 67%, forming a new all-time high. GBP/USD is under pressure below 1.3700, trying to find its feet after Friday’s severe blow. The bears retain control amid a broadly stronger US dollar and looming Brexit risks.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
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- In particular, news trading requires expert fundamental analysis skills, as you will need to understand how certain economic announcements can affect your positions and the wider financial market.
- Wouldn’t it be nice to know what is going to happen while you are away from the trading screen and how your open positions will be affected?
- Without the proper context, the potential market impact of a breaking news item or scheduled economic event can seem to be a mystery.
- Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.
- Currencies of countries that are major exporters of raw materials or commodities can be impacted by news forex trading news, as this affects the prices of the main commodities that they produce.
Worries about the risk of stagflation turned out to be a key factor that benefitted the metal. The uptick lacked bullish conviction heading into this week’s key central bank event risks. With analysts covering the Asia-Pacific, European, and U.S. trading sessions, you will never be out-of-the-loop when it comes to FX news. From New York to London to Tokyo, our analysts are on the clock, breaking down the markets in real-time.
You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Discover why so many clients choose us, and what makes us a world-leading provider of forex trading. With the spotlight on price pressures these days, the upcoming inflation reports from the U.K. Top tier Aussie data is right forex news around the corner, making the price action in EUR/AUD one to watch for potential opportunities. Trade a wide range of forex markets plus spot metals with low pricing and excellent execution. The BOE and the Fed meetings are the highlights of the week ahead. Usually, the US jobs report is the main feature of the beginning of a new month’s high-frequency data cycle.
However, the FOMC meeting two days earlier may take away some of its significance. When it comes to modern active trading, truer words are hard https://www.dukascopy.com/swiss/english/forex/trading/ to find. No matter if you are a trader in Asia, the Middle East, Europe, or the United States, the game is on and opportunity is afoot.
Trade The News In Forex
If the news release requires a few days or weeks to materialise, your trading positions may be open over several days. This brings overnight risk and may require you to pay additional holding costs. Therefore, traders should ensure that they have sufficient funds in their account to cover these costs. The impact that a significant news story can have upon the markets is huge. Wouldn’t it be nice to know what is going to happen while you are away from the trading screen and how your open positions will be affected? The FX Leaders news feed is a unique venue for all things facing currencies, CFDs, futures, and cryptocurrencies. Whether you are trading crude oil or Euros, the important happenings of the day will be addressed thoroughly, in a timely fashion.
News that could reflect changes in supply may cover political tensions, wars, terrorism, weather, economic sanctions, labour relations and more. Speculation and pricing related to demand is mainly influenced by many of the same major news releases noted above, plus commodity inventory reports and outlooks.
Seasonal forex trading news and impacts tend to be seen in energy and agricultural commodities, but less so for precious https://imageevent.com/bbmanhattan/cfdtrading metals. The table below shows some of the main resource currencies and the commodities that affect them.