It may be more opportune to wait to open new positions after news events have taken place, and then see if the reason for the trade is still valid. Read more about using fundamental analysis in the consideration of external factors as part of your news trading strategy. Economic announcements often involve these particular factors when advising traders Forex of recent changes within the markets. This can have an impact on market sentiment​​, especially if the data announcement is not in line with what the traders had been expecting. – Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note.

With the US CPI, FOMC, UK CPI, BOE, and other second tier data scattered throughout the week, GBP/USD could be extremely volatile. CHF was the big winner this week, while its usual “safe haven” buddy, JPY, fell to last place on speculation of potential policy shifts from the BOJ ahead.

Forex Long Term Trends

European stocks fell in cautious trade on Monday, as investors avoided making big bets ahead of key U.S. inflation data as well as a trio of central bank meetings due this week. A manual alternative is to monitor upcoming tradeable events using our economic calendar.

Key levels have been defined to assess a bullish and bearish scenario.

Major Currency Pairs

Learn how to trade the news and spot potential trading opportunities within the financial markets. Recent examples include the Greek debt crisis and China market turmoil.

forex news

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