By Skerdian Meta, Lead AnalystDespite the recent drop from the intraday high during Thursday’s Asian session, the gold price shows minor gains of around $1,767. Foreign institutional investors turned net buyers of Indian assets for the first time in a year in July. That trend has continued, bringing relief to the rupee and the country’s import cover.

forex news

You can only see %gain when I want to see how much $ money I have made from each account everyday. Seems like a simple fix and it would make tracking my account so much easier. I don’t use much else on the app so I can’t speak to that but it is nice to have your entire portfolio in one tracking app. The Philippine economy grew well short of expectations in the second quarter as high inflation weighed on household spending and weak global demand and higher imports dampened net trade. Gross domestic product grew 7.4 percent on a yearly basis in the second quarter, the Philippine Statistics Authority said Tuesday. This was slower than the revised 8.2 percent increase in the first quarter.

Trade The News In Forex

Remains on the defensive through the early European session and is currently trading around the $1,785 region. Trade your opinion of the world’s largest markets with low spreads and enhanced execution. Trade popular currency pairs and CFDs with Enhanced Execution and no restrictions on stop and limit orders. If you already have an account please use the link below to sign in. Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.

forex news

However, fundamental analysis​​ is just as important in the modern trading world as technical analysis. News releases such as earnings reports and changes to interest rates and inflation can significantly impact the markets. Trading on news releases can, therefore, prove vastly beneficial to traders and can significantly strengthen their trading strategy by adding economic announcements to their purely technical and charting approach. Learn how to trade the news and spot potential trading opportunities within the financial markets. Forex markets tend to respond the most to macroeconomic news – the kind of developments that reflect or impact broad economies.

Gold News

The global financial markets are interconnected and depend greatly on the financial and macroeconomic statistics. Currency rates — the basic instruments of the foreign exchange market — are affected by the by major financial news, fundamental statistical reports and important geopolitical events. But nothing compares to seeing the actual effects of the news on the Forex market. When trading on news releases, it is important that you are aware of how financial markets DotBig work. This happens because traders attempt to predict the results of future news announcements and so, in turn, the market responds by changing the price of an asset. News-based trading is especially useful for volatile markets, for example oil trading. In order to read news events, you should familiarise yourself with economic indicators​​, which are macroeconomic factors that have an impact on all financial markets, whether it be forex, shares or indices.

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 Forex have you back on the competitive lead lap in no time. By Skerdian Meta, Lead AnalystThe gold price oscillated between tepid gains and minor losses, consolidating its recent decline to its lowest level since August 2021.

Australian Market Slightly Higher

When it comes to modern active trading, truer words are hard to find. No matter if you are a trader in Asia, the Middle East, Europe, or the United States, the game is on and opportunity is afoot. Between October 2021 and June 2022, they sold a mammoth Rs 2.46 lakh crore in the Indian equity markets.

More News & Analysis

As you see, the impact of the news on the Forex market can’t be ignored. Whether you trade intraday or long-term, your currency positions will be affected by the Forex.

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Speculation and pricing related to demand is mainly influenced by many of the same major news releases noted above, plus commodity inventory reports and outlooks. In particular, news trading requires expert fundamental analysis skills, as you will need to understand how certain economic announcements can affect your positions and the wider financial market. Currencies of countries that are major exporters of raw materials or commodities can be impacted by news forex trading news, as this affects the prices of the main commodities that they produce.

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