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Forex News
Major news is released publicly, often on scheduled dates, so many people have access to the same news at the same time. However, large banks have an important advantage; they can see their customers' order flow. You can make money from forex trading by correctly predicting a currency pair’s price movements and opening a position that stands to profit. For example, if you think that a pair will decline in value, you could go short and profit from a market falling.
In doing so, the DXY ignores hawkish comments from International Monetary Fund (IMF) spokesperson Julie Kozack. The markets, however, are still pricing in the possibility of another 25 bps Fed rate hike in July. This, in turn, is holding back traders from placing aggressive bearish bets around the USD. Apart from this, a slight improvement in the global risk sentiment is seen undermining the safe-haven Swiss Franc (CHF) and lending support to the USD/CHF pair. Currency futures contracts are contracts specifying a standard volume of a particular currency to be exchanged on a specific settlement date.
There are four traditional majors – EURUSD, GBPUSD, USDJPY and USDCHF – and three known as the commodity pairs – AUDUSD, USDCAD and NZDUSD. It is the smallest possible move that a currency price can change which is the equivalent of a ‘point’ of movement. In EUR/USD for example, USD is the quote currency and shows how much of the quote currency you’ll exchange for 1 unit of the base currency. Trading forex is risky, so always trade carefully and implement risk management tools and techniques. Put simply, Margin Level indicates how “healthy” your trading account is.
Overall, the NZD/USD bulls are up for retaking control but they need validation from the 200-SMA and China’s inflation gauges for May, namely the Consumer Price Index (CPI) and Producer Price Index (PPI). While closely observing the XAU/USD price, it becomes easy to establish the bullish chart formation backed by the Relative Strength Index (RSI) line, placed at 14. On the 4-hour chart, there are prospects of another move lower if 150 holds as bulls have been building positions protected below the equal lows. Elsewhere, downbeat US data weighed on the US Dollar while optimism in China, one of the world’s biggest commodity users, also keeps the energy benchmark positive.
Trailing Stop is placed on an open position, at a specified distance from the current price of the financial instrument in question. Trading is the buying and selling securities, such as stocks, bonds, currencies, and commodities, to make a profit. The volatility of a particular currency is a function of multiple factors, such as the politics and economics of its country.
The aim of technical analysis is to interpret patterns seen in charts that will help you find the right time and price level to both enter and exit the market. As a forex trader, you’ll notice that the bid price is always higher than the ask price. For most currency pairs, a pip is the fourth decimal place, the main exception being the Japanese Yen where a pip is the second decimal place.

These include the Euro against the US Dollar, the US Dollar against the Japanese Yen and the British Pound against the US Dollar. An online forex broker acts as an intermediary, enabling retail traders to access online trading platforms to speculate on currencies and their price movements. Forex is traded on the forex market, which is open to buy and sell currencies 24 hours a day, five days a week and is used by banks, businesses, investment firms, hedge funds and retail traders.
So, it is possible that the opening price on a Sunday evening will be different from the closing price on the previous Friday night – resulting in a gap. เทรดฟอเร็กซ์ The value of a currency pair is influenced by trade flows, economic, political and geopolitical events which affect the supply and demand of forex. This creates daily volatility that may offer a forex trader new opportunities. Online trading platforms provided by global brokers like FXTM mean you can buy and sell currencies from your phone, laptop, tablet or PC.
Moving on, a light calendar can keep the USD/JPY on its way to posting the second weekly loss while bracing for the upcoming week’s key catalysts. “In general, such documents often represent only one snapshot of a moment in time and cannot possibly offer the full picture,” the official said, speaking on the condition of anonymity to discuss an intelligence matter. That said, the Washington Post recently came out with news quoting the Saudi Crown Prince Mohammed bin Salman’s threat to thwart the US-Saudi ties if the Washington retaliates to the output cut policy. The same joins the sluggish US Dollar Index (DXY) around 103.30, after falling the most in two months the previous day, to favor the energy buyers. For more information on how LSEG uses your data, see our Privacy Statement.

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