Forex Trading Information

Forex — the foreign exchange (currency or FOREX, or FX) market is the biggest and the most liquid financial market in the world. It boasts a daily volume of more than $5.1 trillion (as of April 2016). Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. Everyone can participate in foreign exchange trading via the Forex brokers.

You can start learning to trade by going through our free Forex course. You can also join a friendly community of traders at the Forex forum.

Latest in Forex

Forex Blog

Weekly Forex Technical Analysis (Jan 22 — Jan 26)

Sat, 20 Jan 2018 10:07


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1993 1.2079 1.2151 1.2237 1.2309 1.2395 1.2467

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.2075 1.2143 1.2233 1.2301

US Fundamentals Support Short-Lived EUR/USD Rally

Thu, 18 Jan 2018 16:54

The US dollar had been falling against the euro throughout today's trading session, but it had stopped its descent just before the New York trading session began. The rally in the EUR/USD currency pair was reignited by the release of the scheduled US macroeconomic statistics. US housing starts and building permits...

EUR/USD Rises and Falls, Ignores US Macros

Wed, 17 Jan 2018 21:30

The euro was on the rise against the US dollar during the first half of the New York trading session but declined afterwards. The currency pair paid little attention to the macroeconomic data that was released in the United States today. Industrial production increased by 0.9% in December after 0.1% decline in November (revised negatively...

Forex News

Pound Declines Against US Dollar on Weak UK Retail Sales Data

Pound Declines Against US Dollar on Weak UK Retail Sales Data

Fri, 19 Jan 2018 14:13

The British pound today declined against the US dollar after the release of weak UK retail sales data for December. The pound initially fell after the retail sales report before rallying higher to new post-Brexit highs after which a downtrend ensued.

Euro Consolidates Gains Against US Dollar on Mixed US Data

Euro Consolidates Gains Against US Dollar on Mixed US Data

Thu, 18 Jan 2018 15:13

The euro today consolidated gains made against the US dollar after the release of mixed data from the US docket in the early North American session. The euro declined against the greenback during the Asian session but reversed this trend in the early European session to rally higher.

Euro Trades Lower on ECB Jawboning and Positive Eurozone Data

Euro Trades Lower on ECB Jawboning and Positive Eurozone Data

Wed, 17 Jan 2018 14:39

The euro today traded at new lows against the US dollar after members of European Central Bank issued warnings regarding the euro's exchange rate. The single currency largely ignored the positive Eurozone inflation data released in the early European session.

Commodity Blog

Natural Gas Prices Flat Amid Smaller-Than-Expected Drop

Fri, 19 Jan 2018 15:32

Natural gas futures are trading relatively flat one day after the US government reported a smaller-than-expected decline in domestic supplies. Natural gas...

US Crude Struggles to Stay Above $64 on New EIA Oil Report

Thu, 18 Jan 2018 17:33

Oil futures are trading relatively flat following the release of the new US government report. US crude is struggling to ...

Orange Juice Futures Slide Despite Frosty Weather

Wed, 17 Jan 2018 17:55

Orange juice futures are trading lower despite frosty temperatures impacting many parts of the US. Citrus prices fell as much as 1% midweek even...

Forex Video Zone

Forex Strategy — Trading the Apex

Sun, 21 Jan 2018 14:24


Daily Forex News and Analysis — January 21st 2018

Sun, 21 Jan 2018 14:04

The EUR/USD pair fell by 0.13%, closing at 1.2222. The GBP/USD pair decreased by 0.26%, closing the week at 1.3858 exchange rate. US Congress failed to pass a spending bill at midnight on Friday, which has caused a government shutdown. All US government functions are currently at a standstill as thousands of federal workers will be placed on unpaid leave until a funding agreement is finalised. Negotiations continued on Saturday, however, there is still...

Baker Hughes Report may Trigger Oil Growth

Fri, 19 Jan 2018 14:25

Data from the US Department of Energy failed to trigger oil rally, as investors remain concerned over crude supply glut in the market. Despite a drawdown of 6 million 871 thousand barrels in the US oil stockpiles in a week, crude production in the country continues to expand, showing an increase to 9 million 760 thousand barrels a day. This data pushed the price of Light Sweet Crude Oil below $63 a barrel. However, later...