Latest Blog Posts
Latest Forex News
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Bank of Canada Preview: Canadian Dollar (CAD) Guide for BoC Rate Decision
by Justin McQueen on 19 January 2021 at 12 h 00 min
BoC expected to maintain current policy despite some suggestions of a micro-cut. […]
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Yellen to urge lawmakers to 'act big', put aside concerns on mounting debt - report
on 19 January 2021 at 11 h 27 min
WSJ reports on the matter, citing a review of the text of Yellen's remarks to the Senate Finance Committee The also adds that Yellen is to affirm the US' commitment to market-determined exchange rates, making it clear that they are not seeking a weaker dollar for competitive advantage, according to officials familiar with her hearing […]
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USD/ZAR Outlook: Rand Soldiers on Inspired by Waning U.S. Dollar
by Warren Venketas on 19 January 2021 at 11 h 17 min
After a strong week for the Rand, upcoming economic announcements may result in further price volatility around the USD/ZAR pair […]
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EUR/USD Moving Higher on Better-than-Expected ZEW and US Dollar Weakness
by Nick Cawley on 19 January 2021 at 10 h 54 min
EUR/USD is back above 1.2120 today and is starting to reverse its recent decline as markets wait for Janet Yellen’s confirmation speec […]
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The market is now caught in a push and pull on the reflation narrative
on 19 January 2021 at 10 h 09 min
Does the early reflation narrative have more legs to run to start the year? The Georgia runoffs, Fed talk, and Biden's stimulus plan were key components to get the market to start the new year but have we finally run out of fuel on that front - at least for now? […]
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Germany January ZEW survey current situation -66.4 vs -68.3 expected
on 19 January 2021 at 10 h 00 min
Latest data released by ZEW - 19 January 2021 This reflects the more optimistic investor sentiment as well but we'll see how well this will hold up in light of restrictions set to be prolonged further to April in all likelihood. […]
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Eurozone November construction output +1.4% vs +0.5% m/m prior
on 19 January 2021 at 10 h 00 min
Latest data released by Eurostat - 19 January 2021 […]
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How to Research Stocks: A Step by Step Guide
by Warren Venketas on 19 January 2021 at 9 h 15 min
Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy. […]
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IEA says that resurgence in coronavirus cases slows oil demand rebound
on 19 January 2021 at 9 h 10 min
IEA slashes oil demand forecast as fresh lockdowns temper with the recovery outlook in Q1 The fear is that the vaccine timeline runs into trouble and tighter restrictions may still be needed in Q2 or perhaps even Q3 if things go awry in the coming months. […]
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Eurozone November current account balance €24.6 billion vs €26.6 billion prior
on 19 January 2021 at 9 h 02 min
Latest data released by the ECB - 19 January 2021 […]
Latest Forex Analysis
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EUR/USD Mid-Day Outlook
by ActionForex.com on 19 January 2021 at 14 h 14 min
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Euro Rises While Dollar and Yen Stay Pressured
by ActionForex.com on 19 January 2021 at 14 h 14 min
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USDCAD Ranges, with Upside Efforts Curbed by 200-MA
by XM.com on 19 January 2021 at 12 h 48 min
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AUD outperforming NZD and CAD as risk-on mode back
by ActionForex.com on 19 January 2021 at 12 h 36 min
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Stocks Bounce Back, Yellen Testimony Eyed, BAC Earnings, Euro Holds Gains after ZEW
by MarketPulse on 19 January 2021 at 12 h 20 min
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Euro Rises on Strong Eurozone Data
by MarketPulse on 19 January 2021 at 12 h 13 min
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Italy PM Conte Appeals To Senate To Back His Economic Recovery Plan
by Trade The News on 19 January 2021 at 12 h 06 min
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TRY/JPY 4H Chart: Two Scenarios Likely
by Dukascopy Swiss FX Group on 19 January 2021 at 12 h 04 min
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CAD/JPY 4H Chart: Upside Potential Could Prevail
by Dukascopy Swiss FX Group on 19 January 2021 at 12 h 03 min
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GBP/CAD 4H Chart: Breakout Could Occur
by Dukascopy Swiss FX Group on 19 January 2021 at 12 h 00 min
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GBP/AUD 4H Chart: Bulls Could Prevail
by Dukascopy Swiss FX Group on 19 January 2021 at 11 h 57 min
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Netflix Stock Faces SMA Resistance Ahead Of Q4 Earnings Report
by XM.com on 19 January 2021 at 11 h 31 min
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The Stock And Foreign Exchange Markets Are Awaiting The Return Of Janet Yellen. Risk Assets Rose Following The Treasury Yield
by JustForex on 19 January 2021 at 11 h 27 min
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GBP/JPY Prepares For Break, Pullback And Bullish Continuation
by Elite CurrenSea on 19 January 2021 at 11 h 23 min
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EUR/USD Trades Within Falling Wedge Pattern
by Dukascopy Swiss FX Group on 19 January 2021 at 11 h 21 min
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GBP/USD Could Trade Upwards
by Dukascopy Swiss FX Group on 19 January 2021 at 11 h 19 min
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USD/JPY Trades With Symmetrical Triangle Pattern
by Dukascopy Swiss FX Group on 19 January 2021 at 11 h 18 min
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XAU/USD Likley To Decline
by Dukascopy Swiss FX Group on 19 January 2021 at 11 h 16 min
Trending Forex Analysis
What is Forex ?
The Spot, Cash or Money market is the biggest market. You probably heard about futures, options and forwards which are derivatives of the main Cash Market.
The word FOREX is derived from Foreign Exchange and is the most largest financial market in the world. Unlike many markets the FX market is open 24 hours per day and has an estimated $2.0 Trillion in turnover every day. This tremendous turnover is more than the combined turnover of all the wordls' stock markets on any given day. This tends to lead to the most liquid market and thus makes it a very interesting market to trade. The Forex Market is an OTC Market (Over The Counter), meaning it doesn't have to be traded on an exchange.
The FX market does not have a fixed exchange. Nobody can claim having the right price but the high liquidity of this market makes it autoregulated. It is primarily traded through banks, brokers, dealers, financial institutions and private individuals. Trades are still executed through phone and increasingly through the Internet as the Internet penetration is growing drastically. It is only in the last few years that the smaller investor has been able to gain access to this market, around year 2000. Previously the large amounts of deposits required precluded the smaller investors and the monopoly of the big institution enabled a lot of cheating. With the advent of the Internet and growing competition it is now easily in the reach of most investors and the margin of the institution reduced automatically.
