Trading Forex at the News Release
Learn how to trade forex news at the release with our top news trading strategies
USD/JPY Slumps Further Ahead of a Key US Jobs Report
The US dollar’s spectacular fall from grace continues with the greenback shedding 12% against the Japanese Yen in just over five weeks.
Crude Oil Update: Brent Eyes OPEC+ and Russian Oil Price Cap
Brent crude oil looks ahead to NFP data later today but remains focused on OPEC+ and the EU cap on Russian seaborne oil.
Despite VIX Collapse, S&P 500 Rally Stalls But USDJPY Tumble Catches Ahead of NFPs
There was no small measure of fundamental whiplash this past session. Despite the Fed’s favorite inflation indicator cooling on the back the market’s positive take on Powell’s remarks, the S&P…
Dow Rally Falters Despite Cooler Inflation, NFPs Now an Open-Ended Event
The US indices – led by the blue chip Dow Jones Industrial Average – were knocked off course of a bullish breakout just a day after the initial launch. The…
Bitcoin Prices Humbled by Resistance – BTC/USD Slips Below $17000.
Bitcoin prices have fallen back into a narrow range of technical support and resistance that has restricted bulls or bears from gaining traction.
USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Nov 14, 2022 when USD/JPY traded near 140.09.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.
GBP/USD IG Client Sentiment: Our data shows traders are now at their least net-long GBP/USD since Nov 23 when GBP/USD traded near 1.21.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.
USD/ZAR Rallies as SA President Ramaphosa Faces Potential Impeachment
USD/ZAR has rallied after a panel found SA President Cyril Ramaphosa guilty of violating his oath of office. Will the president resign, or could he be impeached?
NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Jun 10, 2022 when NZD/USD traded near 0.64.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.