You may be new to Forex trading or an expert, but it is important that you keep up with the latest news in the field. It can be addictive to keep up with the latest happenings in your industry. In a globalized world, it seems like something is happening every minute.
We have compiled a list of the most recent news in the forex industry. These will also impact your business in some way. You should always be aware that foreign exchange currencies are always paired, so you need to get relevant news about the comparability of different currencies and commodities. The following news would impact currencies around the world:
A recent report stated that retail traders were just tipping to a net short position on the same day as the British Pound gained 200 points plus.
Forex traders closely monitor the U.S. housing market slump to gauge the market for mortgage futures.
-A Forex news service reported that U.S. Fed’s recent rate cuts caused expectations for the dollar to “fall like a rock.”
The dollar may fall further due to fears of a recession in the United States. Forex traders can take advantage of the dollar’s drop to trade for more valuable currencies.
Many people believe that only currency and finance news are important for forex traders. However, political news can be very useful as it can provide insight into the political movements of different countries and where they are headed. Follow the global trend.
Forex traders and investors are interested in news about financial and currency news. Foreign traders also pay attention to news stories that could have an impact on the currency of a country.
-Tragic events such as the assassination or assassination a political leader can impact currency futures in that country and have ripple effects in nearby areas. For example, Benazir Bhoutto’s assassination in Pakistan.
-Natural disasters such as an earthquake, hurricane or typhoon could consume large amounts of a country’s resources. Forex traders should be aware of these disasters.
-Political events such as the U.S. presidential elections have significant impacts on currency valuation. Forex news provides updates on presidential candidates, primary and general elections.
By analyzing current events and forecasting how they will impact the exchange rates of different currencies around the world, forex news services add value.
There are many sources of Forex research and analysis, including Daily FX and Rabobank Technical FX Daily.