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The Forex Market
The Forex market is an incredible market to trade currencies. Forex stands for foreign exchange and the Forex market is the largest financial market in the world. The Forex market trades close to 2 trillion dollars each day and since there is no center for the market, continues 24 hours a day starting from Sydney, Australia, which are home to one the major currencies.Many people trade in the Forex market due to the fact that it is a great way for day traders to profit on investments that they make each day. Another big plus is that the technology has advanced, so that almost anyone can trade Forex from the privacy of their own home.
The Forex market usually trades many global currencies, however many Forex market traders usually stick to the majors which include the US dollar, Euro, Japanese Yen, Swiss Franc, Australian Dollar, British Pound and Canadian Dollar. While other currencies are traded on the Forex market, these major currencies make up an overwhelming chunk of the Forex market.
Almost anyone from anywhere can trade Forex. If you are just starting out and would love to trade in the Forex market, you can find many courses and tutorials that can help get you started in no time. Many trading sites have sprung up and offer you to trade on their sites. They offer real time quotes, great data and charts, background information and an easy platform to trade in the Forex market. So if you are interested in a new way to invest, look into the Forex market.
Recent Forex News
Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
FX Technical Commentary
Euro 1.3650 Initial support at 1.3531 (Mar 5 low) followed by 1.3436 (Mar 2 low). Initial resistance is now located at 1.3705 (Mar 8 high) followed by 1.3788 (Feb 17 high)
Usd Payback Time On Jpy
Usd/Jpy is trading in a corrective decline, shown as a black wave B/2, after our black wave A/1 hit its highs at the 90.76. zone. A Short correction is incomplete, and the market should make at least one more push lower into wave (c), once a current wave (b) finds...
Cable Snapping Lower - A Technician's Perspective
Overall View: Looking for a near-term down-trend continuation. 4 Hour Chart Flows: Short. Price Points: 1.4783, and 1.5194 Looking for: Near-term bearish price action. Momentum: The cable trend went Short on 3rd December, and has meandered sideways since then. The pair can be just as easily bought as sold.
AUD/USD Pops in Return to Risk
Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday, 3/9lows, and the psychological .90 area. As for the topside, the Aussie has our 3rd and 4th downtrend lines serving as technical barriers along with the psychological .92 area. Additionally, previous 2010 highs could serve...
USD/JPY Charges Higher
Technically speaking, the USD/JPYs faces our new downtrend lines along with intraday and 2/7 highs. Meanwhile, the highly psychological 90 area could have an influence over movements in the USD/JPY over the near-term. As for the downside, the USD/JPY has multiple uptrend lines serving as technical cushions along with intraday...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Canada's Jobs Growth Likely Slowed In February
The CAD is trading at a two month high versus the USD and has made substantial gains versus European currencies. The outperformance of the CAD is attributed to recent Canadian economic data that points to a stronger than expected Canadian recovery. Canada's Q4 GDP rose at its fastest space nine...
Euro Rallies, Gold Plummets
U.S. Dollar Trading (USD) had a mixed day of trading as strength in Europe was once again reversed in the US session with the notable exception of Gold. Crude Oil Inventories where at 1.6m and helped Oil to small gains. In US stocks, DJIA +3 points closing at 10567, S&P...
Forex Exchange Morning Report
Equities are modestly firmer, currencies little changed, and commodities are lower. US wholesale inventories fell, but the equity market focused more on the detail which said companies' sales rose. The S&P500 is up 0.4%, just shy of its one year high (set in Jan) and banks are 2.1% higher. The...
The RBNZ Expects Interest Rates To Remain At 2.50% Till Mid 2010
The Reserve Bank of New Zealand decided today to keep interest rates at its low level of 2.50% for the seventh straight meeting. Allan Bollard the Governor of the RBNZ said the bank will maintain its policy till mid-2010, before deciding to raise interest rates.
USD/JPY Gains On BOJ Easing Speculation
The dollar was higher against the yen but lower versus the euro on Wednesday. China's exports soared by the most in three years and concerns over Greece's deficit eased. The US budget deficit rose to a record $220.9 billion in February and wholesale inventories unexpectedly slid in January for a...
Newsfeed display by CaRP
Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
FX Technical Commentary
Euro 1.3650 Initial support at 1.3531 (Mar 5 low) followed by 1.3436 (Mar 2 low). Initial resistance is now located at 1.3705 (Mar 8 high) followed by 1.3788 (Feb 17 high)
Usd Payback Time On Jpy
Usd/Jpy is trading in a corrective decline, shown as a black wave B/2, after our black wave A/1 hit its highs at the 90.76. zone. A Short correction is incomplete, and the market should make at least one more push lower into wave (c), once a current wave (b) finds...
Cable Snapping Lower - A Technician's Perspective
Overall View: Looking for a near-term down-trend continuation. 4 Hour Chart Flows: Short. Price Points: 1.4783, and 1.5194 Looking for: Near-term bearish price action. Momentum: The cable trend went Short on 3rd December, and has meandered sideways since then. The pair can be just as easily bought as sold.
AUD/USD Pops in Return to Risk
Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday, 3/9lows, and the psychological .90 area. As for the topside, the Aussie has our 3rd and 4th downtrend lines serving as technical barriers along with the psychological .92 area. Additionally, previous 2010 highs could serve...
USD/JPY Charges Higher
Technically speaking, the USD/JPYs faces our new downtrend lines along with intraday and 2/7 highs. Meanwhile, the highly psychological 90 area could have an influence over movements in the USD/JPY over the near-term. As for the downside, the USD/JPY has multiple uptrend lines serving as technical cushions along with intraday...
Newsfeed display by CaRP
Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Canada's Jobs Growth Likely Slowed In February
The CAD is trading at a two month high versus the USD and has made substantial gains versus European currencies. The outperformance of the CAD is attributed to recent Canadian economic data that points to a stronger than expected Canadian recovery. Canada's Q4 GDP rose at its fastest space nine...
Euro Rallies, Gold Plummets
U.S. Dollar Trading (USD) had a mixed day of trading as strength in Europe was once again reversed in the US session with the notable exception of Gold. Crude Oil Inventories where at 1.6m and helped Oil to small gains. In US stocks, DJIA +3 points closing at 10567, S&P...
Forex Exchange Morning Report
Equities are modestly firmer, currencies little changed, and commodities are lower. US wholesale inventories fell, but the equity market focused more on the detail which said companies' sales rose. The S&P500 is up 0.4%, just shy of its one year high (set in Jan) and banks are 2.1% higher. The...
The RBNZ Expects Interest Rates To Remain At 2.50% Till Mid 2010
The Reserve Bank of New Zealand decided today to keep interest rates at its low level of 2.50% for the seventh straight meeting. Allan Bollard the Governor of the RBNZ said the bank will maintain its policy till mid-2010, before deciding to raise interest rates.
USD/JPY Gains On BOJ Easing Speculation
The dollar was higher against the yen but lower versus the euro on Wednesday. China's exports soared by the most in three years and concerns over Greece's deficit eased. The US budget deficit rose to a record $220.9 billion in February and wholesale inventories unexpectedly slid in January for a...
Newsfeed display by CaRP