Forex traders need to keep abreast of news on a daily basis as events have a big impact on currency pairs.
- Forex, or FX, is the most active and liquid of all markets
- Currencies are always traded in pairs and there are a wide array of currency trading markets available
- Currency markets are among the world's largest and fastest moving markets
Forex Analysis and Insights
- Asia Morning: US Stocks End in Red, Awaiting Trump's Actions on China May 29, 2020 1:58 AM
- USD weaker across the majors on Thursday May 28, 2020 10:09 PM
- EU indices still up this morning | TA focus on Diageo May 28, 2020 8:35 AM
- A 750 billion euro stimulus package May 28, 2020 6:45 AM
- Asia Morning: S&P Regains 3000 Level May 28, 2020 2:13 AM
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What is Forex?
Forex is short for ‘foreign exchange’ or trading one currency against another Forex is the busiest and most liquid market in the world. This is partly because FX news often affect multiple currencies – and because many other events can influence Forex, such as trade news, political developments, the decisions of central banks, or the release of .
With Forex trading, a currency is always quoted as a pair – for instance the pound against the dollar or the euro against the yen.
Currency news can help your Forex trading
Look out for news from central banks that includes information on a country’s economy. For instance the Bank of England’s interest rate decision or the European Central Bank’s view on inflation. Such commentary can quickly translate into price move in the pound or the euro.
Many announcements that influence Forex – such as interest rate decisions – are scheduled well in advance.