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Information on Forex
If you are a beginner trader or just curious, you will be happy to know that there is tons of information on Forex. Forex stands for foreign exchange markets and the Forex market is the largest financial market in the world with close to 2 trillion dollars traded each day. Forex trades the world’s currencies and is perfect for day traders and investors from home that would like to trade, because there is no central market and you are able to trade 24 hours a day throughout the world.There is so much information on Forex; you can easily find tools, resources, charts and tutorials on trading Forex. Forex has grown throughout the years and is now a powerhouse especially on the web. Many web developers and brokers have become interested in Forex and have made it enticing to investors due to the wealth of information available on all topics of trading Forex.
You can also find information on Forex at web forums and blogs. Forex forums and blogs are an excellent way to learn about the Forex industry as well as trading Forex. You can easily talk to many people about the tools they use, brokers that are available and read commentary by expert traders on what trends are becoming visible.
You can also find information on Forex off line as well. There are courses taught by instructors, books and materials that you can buy in books stores or lend at libraries and even videos that can show you special strategies for trading Forex. So if you are looking for great information on Forex, check out the above resources.
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 1.4750 Initial support at 1.4634 (Aug 27 low) followed by 1.4571 (Feb 26 reaction low). Initial resistance is now located 1.4777 (Aug 27 high) at followed by 1.4808 (Aug 25 high).
Daily Forex Market Commentary
The proximity of Labor Day weekend surely doesn’t make things easier in the currency markets. Nor did the half-baked measures at Fannie Mae. The dollar closed slightly lower against the euro and franc on Wednesday, but basically flat versus the pound and yen. However, trading was quite volatile. The dollar...
Usd/Jpy The Yen, Oh The Poor Neglected Yen
This pair has really done very little in the past seven days, losing its momentum and trend it seems. Traders can use the Fibonacci levels shown here to gauge intermediate support and resistance. The pair has also been having quite a few run-ins with its 20 day SMA. Daily volume...
Chart Of The Day: USD/CAD
Long-term price action on USD/CAD (a daily chart of which is shown) has come down decisively off the significant downtrend line (in red) that has served as resistance for at least 5 years. After retreating from this resistance line last week, price has gradually descended from the swing high. Going...
$/Swiss, Time to Short is Close.....
$/swiss is chopping from yesterday's 6 month high at 1.1085, but there lots of negatives emerging. They include a quick turn lower from yesterday's high (no follow through), a test of longer term resistance at yesterday's high (see longer term below), a market that's overbought after the sharp gains since...
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
Oil Threatening Dollar Gains
U.S. Dollar Trading (USD) was on the backfoot early in the day as commodities found strength and recent dollar gains were pared back. US Durable Good Orders were significantly higher than expected in July coming at 1.3% (.1% expected) putting the Dollar bulls back in control. Oil surged higher a...
Forex Exchange Morning Report
Hawkish ECB commentary knocked USD lower in London before the dollar was rescued by a stronger than expected read on US July durable goods orders, which saw DXY gain as much as 0.7% from its lows before cooling slightly in late NY. DGOs rose firmly in July plus June was...
Hawkish ECB Talk Helps Euro
The dollar traded mixed Wednesday after US durable-goods orders unexpectedly advanced in July and oil prices rose for a third day as Tropical Storm Gustav is moving toward production platforms in the Gulf of Mexico. The yen was little changed despite higher US stock prices. The euro rose on hawkish...
Be Prepared! US Preliminary GDP Tomorrow At 12:30 GMT
Expectations for this quarter reveal that the preliminary U.S. GDP figures will probably rise from 1.9% on the 'Advance' publication to 2.6% on the 'Preliminary'. Previous surveys have shown that publications that go inline with market forecasts tend to support the Dollar, they have also shown that in cases...
New York Session Recap
Better than expected US economic data helped offset higher oil prices in the NY session and boosted the greenback higher against the majors. Oil jumped towards a close near $118.35 after opening the session about $1 below that. Hurricane Gustav has traders everywhere wearing their meteorologist hats and we expect...
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 1.4750 Initial support at 1.4634 (Aug 27 low) followed by 1.4571 (Feb 26 reaction low). Initial resistance is now located 1.4777 (Aug 27 high) at followed by 1.4808 (Aug 25 high).
Daily Forex Market Commentary
The proximity of Labor Day weekend surely doesn’t make things easier in the currency markets. Nor did the half-baked measures at Fannie Mae. The dollar closed slightly lower against the euro and franc on Wednesday, but basically flat versus the pound and yen. However, trading was quite volatile. The dollar...
Usd/Jpy The Yen, Oh The Poor Neglected Yen
This pair has really done very little in the past seven days, losing its momentum and trend it seems. Traders can use the Fibonacci levels shown here to gauge intermediate support and resistance. The pair has also been having quite a few run-ins with its 20 day SMA. Daily volume...
Chart Of The Day: USD/CAD
Long-term price action on USD/CAD (a daily chart of which is shown) has come down decisively off the significant downtrend line (in red) that has served as resistance for at least 5 years. After retreating from this resistance line last week, price has gradually descended from the swing high. Going...
$/Swiss, Time to Short is Close.....
$/swiss is chopping from yesterday's 6 month high at 1.1085, but there lots of negatives emerging. They include a quick turn lower from yesterday's high (no follow through), a test of longer term resistance at yesterday's high (see longer term below), a market that's overbought after the sharp gains since...
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
Oil Threatening Dollar Gains
U.S. Dollar Trading (USD) was on the backfoot early in the day as commodities found strength and recent dollar gains were pared back. US Durable Good Orders were significantly higher than expected in July coming at 1.3% (.1% expected) putting the Dollar bulls back in control. Oil surged higher a...
Forex Exchange Morning Report
Hawkish ECB commentary knocked USD lower in London before the dollar was rescued by a stronger than expected read on US July durable goods orders, which saw DXY gain as much as 0.7% from its lows before cooling slightly in late NY. DGOs rose firmly in July plus June was...
Hawkish ECB Talk Helps Euro
The dollar traded mixed Wednesday after US durable-goods orders unexpectedly advanced in July and oil prices rose for a third day as Tropical Storm Gustav is moving toward production platforms in the Gulf of Mexico. The yen was little changed despite higher US stock prices. The euro rose on hawkish...
Be Prepared! US Preliminary GDP Tomorrow At 12:30 GMT
Expectations for this quarter reveal that the preliminary U.S. GDP figures will probably rise from 1.9% on the 'Advance' publication to 2.6% on the 'Preliminary'. Previous surveys have shown that publications that go inline with market forecasts tend to support the Dollar, they have also shown that in cases...
New York Session Recap
Better than expected US economic data helped offset higher oil prices in the NY session and boosted the greenback higher against the majors. Oil jumped towards a close near $118.35 after opening the session about $1 below that. Hurricane Gustav has traders everywhere wearing their meteorologist hats and we expect...
Newsfeed display by CaRP