Currencies News and Headlines

By now, though, the Aussie has managed to trim losses and even trades flat against a number of most-traded peers. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For more forex news beyond what is offered on CFDTrading, check out Forex Factory, FX Empire, and ForexLive. For the latest stories on specific currency pairs, try the articles below.

With the latest bearish numbers suggesting Beijing’s COVID-19 devastation, analysts are hoping that the worst is over and that the nation’s reboot will lead to better results. The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies. In case of US Dollar to other currencies, values are quoted on basis of USD as base currency whereas in Indian Rupee to other currencies, values are quoted on basis of INR as quote currency. BEIJING (AP) — Asian stocks were mostly lower Thursday after unexpectedly weak U.S. retail and other data added to gloom about the impact of the coronavirus pandemic. Stock Index futures are performing well on todays mixed economic news.

China Economic Data Delivers More Bad News, While COVID-19 Updates Provides Early Support

The Australian dollar fell today, largely ignoring the shockingly good employment report. While the currency spiked immediately after the release, it retreated almost immediately.

XLM Coin Shows Moderate Recovery Over the Week-long Run

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A pre-markets primer packed with market updates, insights and must-read news links. 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. If your alarm clock didn’t go off and you are late to the market, no worries ― a quick review of FX Leaders’ news will have you back on the competitive lead lap in no time. The Pound Sterling struck a 1-month peak against the US Dollar during Tuesday trade in London as confidence rises that the various lockdowns around the globe may finally be impacting the Coronavirus spread.

This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments forex work and whether you can afford to take the high risk of losing your money. COVID-19 Remains the Key Driver, with UK and the U.S Stats also in FocusIt’s a busier day on the economic data front, which will influence. Real-time forex trading relies on live trading charts to buy and sell currency pairs, often based on technical analysis or technical trading systems.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Find out how central banks impact the forex market, and how to use news and key economic events to make trading decisions. Get to grips with the 24-hour forex market, the major global trading sessions and how to benefit from the currency carry trade.

The ability to read between the lines is a big part of being a successful trader.
The Pound Sterling struck a 1-month peak against the US Dollar during Tuesday trade in London as confidence rises that the various lockdowns around the globe may finally be impacting the Coronavirus spread.
For example, unemployment may be more important this month than trade or interest rate decisions.
Since markets move because of news, economic data is often the most important catalyst for short-term movements.
There are two barrier levels, but in this case, neither barrier level can be breached before expiration—otherwise the option payout is not made.
OANDA Asia Pacific Pte Ltd (Co. Reg. No K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore.

You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Gilead’s Remdesivir drug has shown encouraging signs in curing COVID-19 patients. The safe-haven dollar was on the back foot also amid hopes for reopening the US economy. MoneyBeat provides up-to-the-minute analysis of the news that shapes markets, deal-making and finance around the world.

This option is great for news traders who think that the economic release will not cause a pronounced breakout in the currency pair and that it will continue to range trade. This chart shows activity after the same release as the one shown in Figure 2 (but on a different time frame) to show how difficult trading news releases can be. On Nov. 4, 2005, the market had expected a payroll increase of 120,000 jobs, but instead the U.S. economy gained only 56,000 jobs. The disappointment led to an approximately 60-pip sell-off in the dollar against the euro in the first 25 minutes after the release. A variety of exotic options are available for traders who want to capture a breakout move, but with less volatility than trading the currency pair itself.

We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. We share information on the trading activity forex trading of our institutional and retail clients. Our Order Book graphs aggregate live market data from our entire client base to show real-time snapshots of pending orders and current positions for the major currency pairs.

Opportunities were plentiful for breakout traders but bullish momentum in the dollar was so strong that such a bad payrolls number failed to put a sustainable dent in the currency’s rally. One thing you should keep in mind is that, on the back of a good number, a strong move should also see a strong extension. We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We’re also a community of traders that support each other on our daily trading journey.

The Forex Market Overview page provides a quick overview of today’s Forex and Currencies markets. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest (except for OANDA Europe Ltd customers who have negative balance protection).

Cryptocurrencies Find out more about top cryptocurrencies to trade and how to get started. The impact that a significant news story can have upon the markets is huge. Unfortunately, forex news isn’t limited to our waking hours.

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 ability to read between the lines is a big part of being a successful trader. Without the proper context, the potential market impact of a breaking news item or scheduled economic forex event can seem to be a mystery. Understanding the event, which markets will be affected, and how to profit from the action are skills derived from years of experience. That is where the team at FX Leaders comes in ― they have the know-how to recognize which news items are market-movers, and which are simply noise.

Either one of the levels must be breached prior to expiration in order for the option to become profitable and for the buyer to receive the payout. If neither barrier level is breached prior to expiration, the option expires worthless. A double one-touch option is the perfect option to trade for news releases because it is a pure non-directional breakout play. As long as the barrier level is breached—even if the price reverses course later—the payout is made. However, the dollar’s upside momentum was so strong that the gains were quickly reversed, and an hour later, the EUR/USD had broken its previous low and actually hit a 1.5-year low against the dollar.

A bit of risk-on action seems to be returning to the markets as traders react to the OPEC production cut and more stimulus efforts. Keep track of the latest currency market moves as they develop. Stay up-to-date on breaking forex news as well as relevant financial developments.

The US Dollar edged lower during Friday trade in Asia after a news report indicated that there were some signs of success for a new drug treatment for the Coronavirus. The Chinese yuan is mixed against its currency competitors to finish the trading week as investors weigh China’s near-term economic recovery.

Assess the true market sentiment before you short or long a currency. Our award-winning team of currency analysts and strategists provide daily trading news and commentary forex trading about the state of the markets. Get free access to leading news feeds, and use our analytical tools to assess when and why trading instruments are moving.