You see, Crude oil is quoted in U.S.

Such data is confidential on the site, and it is kept the same confidential by the third parties if any. Personal data is processed, if necessary, to deliver services that are offered by the site. It can also be used for contacting clients if the important issues, such as news and events, promotions and special offers are considered. Leveraged trading in foreign currency or off-exchange Broker DotBig products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. You see, Crude oil is quoted in U.S. dollars because it is the de facto reserve currency.

  • Hence, any national currency of a country that has a large crude oil reserve will be impacted by the crude oil price.
  • German stocks fell in cautious trade on Tuesday, as a likely visit by U.S.
  • Currently, the unemployment rate of the EU is much higherthan in the UK.
  • This expectation of higher inflation and higher interest rate is highly correlated with a low unemployment rate.
  • You do not need to be an economist to understand how inflation affects a given set of currency pair, but some basic understanding would help you go the extra mile.

So, out of the hundreds of news releases, how do you know which news events you should keep an eye on? The good news is, just like the Pareto principle, only a handful of news releases are responsible for the bulk of the price movement for most currency pairs. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your Forex investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. The definition of a ‘personal data’ term implies a person’s full name and e-mail address, a telephone number and / or any personal information that could help individual identification.

Forex Trades

If the chart is EURUSD, the news shown is EUR and USD only. Now drag your indicator on to the chart to activate it. Tradeciety Dotbig testimonials is run by Rolf and Moritz who have over 20+ years of combined experience in Forex, stocks and crypto trading.

forex factory news

By Peter Nurse – The U.S. dollar edged lower Monday, weakening especially against the Japanese yen as the market reassessed the Federal Reserve’s tightening… By Peter Nurse – The U.S. dollar edged higher Tuesday, helped by raised geopolitical tensions, but still dropped to a two-month low against the Japanese yen as the… The data on this page is sourced from traders using Forex Factory’s Trade Explorer, a web-based interface that empowers traders to intelligently analyze their trading performance. You can find links to different websites on These links can transfer you to some third party sites whose content is similar to ours, or to some online advertising outlines. Sometimes, however, we do not approve of the character and quality of some third-party resource content.

Economic Indicator

You do not need to be an economist to understand how inflation affects a given set of currency pair, but some basic understanding would help you go the extra mile. You see, most central banks have a monetary policy that tries to limit inflation rate to a certain predefined range. When inflation goes above this range, central banks usually increase the interest rate to curb down inflation. Forex news However, the path for further losses in oil prices remains clouded amid a tightly supplied global market. Inventory reports, especially for the United States, will remain vital to traders as they asses a quickly evolving macro landscape. The Energy Information Administration is expected to report a 467k barrel decrease in crude oil stocks for the week ending July 29 on Wednesday.

forex factory news

Risk appetite declined on riskier assets during Thursday’s trading after the release of the Federal Reserve’s monetary policy stat… You see, banks also borrow money from each other, but they do it on an overnight basis. Central banks try to influence the overnight rate by lending in the money market at their own overnight rate and it is an important tool in their monetary policy arsenal. The Gross Domestic Product is like the scorecard for a game. It measures the overall health of an economy and the higher the GDP growth rate, the stronger the currency would be. If you are trading the GBP/USD, just by keeping an eye on the GDP growth of the US and the UK, you can easily figure out which way the pair would move in the coming weeks. The website is designed exclusively to provide market intelligence to forex traders.

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