Get started

NEWS

Market News and Events that Affect Forex Prices Forex trading is an exciting and dynamic market that is influenced by a wide range of news and events. In order to make informed trading decisions, it is important to keep up-to-date with market news and events that can affect forex prices. Here are some key factors that can have an impact on the forex market: 1. Economic Indicators: Economic indicators such as GDP, inflation rates, and employment data are closely watched by forex traders as they can provide insights into the strength of a country's economy. Positive economic data can lead to a stronger currency while negative data can lead to a weaker currency. Central Bank Policy : Central banks play a key role in setting interest rates and monetary policy, which can have a significant impact on forex prices. Changes in interest rates or announcements regarding monetary policy can lead to fluctuations in currency values. Political Events: Political events such as elections, trade negotiations, and geopolitical tensions can also impact forex prices. For example, the Brexit vote in the UK had a significant impact on the value of the British pound. Natural Disasters: Natural disasters such as earthquakes, hurricanes, and floods can also affect forex prices. These events can impact the supply and demand of goods and services, which in turn can impact currency values. Market Sentiment : Market sentiment refers to the overall mood of traders and investors towards a particular currency. Positive sentiment can lead to an increase in demand for a currency while negative sentiment can lead to a decrease in demand. It is important to note that not all news and events will have an impact on forex prices and the impact can vary depending on the specific currency pair being traded. It is also important to have a solid understanding of technical analysis tools such as charts and indicators, as well as a strong understanding of risk management, in order to make informed trading decisions. By keeping up-to-date with market news and events and using a combination of fundamental and technical analysis, forex traders can increase their chances of success in this dynamic market.
Education
by glorias3972
May FOMC announcment 🫨Do we have enough steam to take us to 1.11500? Anticipating that rates stay the same and that the May Decision is Bullish. Planning since Staurday this past weekend that we may be onto something here. My Belief is that May Decision is viewed as an Optimistic data point. Preparing for a fall to 1.086 if not the case. Safe Trading. I'll be looking for opportunities about 1hr after the announcment once we have momentum and determined the direction with lowerd lot size and FOLLOW you TRADING PLAN. Okay good luck and safe trading.
Long
by ShrewdCatfx
2
Will we see a News Correction? 🙊 Inflation Data EU has been moving quite violently and was expected with inflation data. We took advantage of the momentum and took 4 buys as price left the 1.0922 key level. We originally took Sells from this level which played out nicely. However, just as we did last week, Price dips hard early in week. Then soars as the week progresses using news as a catalyst for a continuation of momentum. With new 4hr candle here, we may anticpate a top wick on the next 4hr candle. We may stretch to 1.103 daily/weekly wick fill today or tomorrow. That's short term target with this momentum. Most of the time the news corrects but also the market is very sensitive to cpi data . especially in recent months for obvious reasons. More Analysis: It is a good for bulls that the 4hr candle is closing above our daily Level at 1.09885. We also have clean traffic to the left hand side on the 4hr for bulls. For Bears we have the argument that we already have significant engulfing daily bullish candle. Additionally , fomo after some missed the entry from 1.0922 pre-news. Also 1.10 is a psycholigcal level for bulls and bears. So we may see some profit taking before heading any more north to Weekly wickfill at 1.103
Long
by ShrewdCatfx
2
NFP March 7th, 2023'In yesterdays publishing you can observe that our short term target was at 1.0938. Some buyers are taking profit as we have reached this minor zone 1Hr level. The bullish 4hr candle closed above 1.0918 which has been our Fakeout sell side entry area. This is bullish technically speaking. Looking at market structure it looks great. So we had a fakeout market strcutre display, but now look where the 4hr candle closed. EU being tricky. In larger context, I don't like buys as much at these prices. I like retests of 1.0867 to end the week off with NFP tomorrow. Price is consolidating near the Daily/Weekly highs and playing games. If we go Long, I like Bulls respecting 1.0918 , possibly wicking back down again to 1.089 and then rocket to mars at 1.103, Weekly timeframe wick fill. Trading : Fortunately, I did trade and anticipate sells off this level after news was released this morning. Price wicked up violently triggering my buy stop. In profit for two seconds then hit SL. Only half risk here. Consequently, I took sells after we whipped back down and created a low to go fill in momentum. I scaled in with full size effectively and picked up 7.3 pips in 6 minutes. I took one more sell for +2 pips with higher risk which worked out well. Took 1 more trade with half risk and closed for small loss. Called the day there.
Short
by ShrewdCatfx
Solana ideaWaaaaSUP everyone, heres another idea out ther based on the 4 hour time frame. So here we go, what do i base my anylsis ideas on and where do i think price is going to go towards based on probabilty. 1. Bouncing off good support 2. bounce/bouncing off bottom symetrical triangle pattern 50/50 3. macd histobars look like they want to curl up 4 stochastic rsi low 5 hidden bull div 6. money flow back in the green 7. vwap coming up so ..... SOL could touch support (VAL) again at around $20.30 before making a move up to the top tendline of symetrical triangle pattern which is local VAH at 21.1, top violet line sorry i should of marked these lines. I see SOL breaking out and moving up to higher top trend line at around $21.5 to resistance 22.41 So there you have it my idea based on these probabilities :) happy good friday everyone
by Crypto_SUP_Surfer
Here come the Bears ? 🐺Per Analysis of yesterday I warned about buying at the higher prices. After we have a spike and people bag up, we have some hold the bag. Price nearly stretched the whole range up to 1.098 Daily Zone. Price just couldn't quite make it. Completely Missed this news correction move - was away from computer and totally didn't see it anyways. I did know it was likely we would have selling pressure after news like I have studied in the past (check bias from yesterdays' post). Another News Correction in the books, and another piece of art to learn from. This news correction contained 2 red folders to complete the campaign. More Analysis : It was very possible to jump on the train for sells after the 7am PST 1Hr News Candle closed bearish underneath our 1h/4hr zone. We consequently came up for a retest at 1.0918 4hr zone . We have the Daily cnadle closing Bearish , nearly completely retracing yesterdays candle. We would like to see the daily candle to at least close above 1.0904 so bulls at least have a reason to hold. 1.089 4hr level appears to be holding steady for the time being. For Bears we would like to see the 4hr chart do a fakeout and respect 1.0918 4hr level. However I can still see weekly target for bulls. We do have clean traffic on 1Hr chart up to 1.0957. NFP holds more weight here for me at least
Long
by ShrewdCatfx
7
EU Entered HyperSpace ⛩️ News --> the Catalyst We have entered HyperSpace and are now transcending into the stars. We are ahead of schedule as our weekly target remains as 1.103. Weare in the middle of a range between 1.093 and 1.098. If I was swing I would like break and retest of 1.093. But I'm not swing. Volume comes into the market in disproportionate balances at specific times and this is why I enjoy scalping and stick to it. Stick to what works based off your personality. Aiming for 1.103 which would be a monthly wickfill. Be cautious for buys at these prices. Price must setup exactly how your plan and parameters permit. More Analysis : Took multiple buys and majority played out for a good RiskReward. I set a sellstop as the news popped off and earned 13 pips in 1 second. Consequently I placed 2 more proftile trades as we had determined direction and saw good momentum shortly after the news release. We have clean candles to the left on 1/4hr TF's from 1.093 to 1.098 Daily Zone. That was very encouraging for bias.
Short
by ShrewdCatfx
Opportunity to jump on the Train or get ready for Sell side? 🕛We have corrected the GDP volatility and continuation at 530PST. However, We have pulled back to a 1Hr/4Hr zone at 1.0895 and this woulnd't be a bad place to jump on the bullish train. I'm just watching for the rest of the day. I jumped off the train already with Buys. With all this said, we have increased 145 pips on the week. Wouldn't be surprised if Price drops from these prices tbh back to 1.0854 Daily Zone. We'll see what happens as we move into CPI data tomorrow. Safe trading. Not Financial Advice. Just education.
Short
by ShrewdCatfx