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Forex Sites
Looking for great Forex sites with information on trading, analysis and brokers? Many people love to trade in the Forex markets and they are constantly on the look out for great Forex sites. Here are some tips on finding great Forex sites.
There are thousands of Forex sites, while many of them are junk, there are a few that truly offer a great resource for trading Forex. Forex stands for foreign exchange market, which happens to be the world’s largest market with close to 2 trillion dollars in trades each day. Many people love Forex, because there is no central market location, so Forex can be traded 24 hours each day from any location in the world.
Most people that trade Forex, sign up with a broker and use their broker’s sites for trading, analysis and certain resources, but just because you use a certain broker, shouldn’t limit you to the amount of Forex sites that you visit.
There are many great Forex forums that you can visit daily for great opinions, new trends and to ask questions Forex forums are one of the leading Forex sites visited. For people that are interested in crunching data and analysis, there are plenty of Forex sites that host huge reservoirs of data for your number crunching needs.
You can also visit Forex sites that have many tutorials on trading Forex and using certain trading tools. There are even tutorials on learning how to analyze data and how to read charts. So if you are into Forex trading, check out the above categories of Forex sites that can help you be a better trader.
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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
Currency Crosses Pairs Analysis
EUR/GBP Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead.
Daily FX Report
As you can see, the GBP/USD has been trading bearish from March 8th along the Fibonacci fan and broke two retracement levels. After touching the 38.20% (around 1.4940), the pair pulled up, entered the bearish Fibonacci fan, but pulled down again after it touched the middle line of the fan....
Today's Market Outlook
EURUSD Maintains negative near-term tone. Yesterday's attempt at 1.3529, 05 Mar pivot, reached 1.3536, before bouncing to mark a possible lower top at 1.3615. Break below 1.3536/22 support zone would direct the market towards lower levels of 1.3433/1.3789 band.
Technical Analysis Daily: GBP/USD
Pound/Dollar slipped bellow 1.5 on Tuesday on Goods trade data. The Cable dropped down to to 1.4938, from where it corrected up to 1.5015, closing the day at 1.4995. Today's focus is on UK Industrial production and Manufacturing at 9:30 GMT. Today the weakening of the British Pound continued as...
EUR/USD: 1.3530 Importance Support
Selling pressure continues to parity. Yesterday the European market seen in sales down to the 1.3530 support had to parity. The U.S. market with the acquisition, but was limited level of 1.36. During the day, expect to stand strong resistance 1.3630. As the study sourced from the sale of this...
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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
Morning Forex Overview
The euro ticked up against the yen in Asia Wednesday, as Japanese importers buying the single currency on a regular settlement day set the tone of the market amid a lack of other trading cues. But further gains are far from certain, dealers said, with the euro's near-term direction resting...
Range-Bound Trading Continues
The NFIB Small Business Optimism Index fell back to its December level of 88.0 (from 89.3) revealed yesterday's report, showing that the important small business sector is still not in recovery mode. Meanwhile, the Manpower survey showed that more employers plan on increasing staff levels (16%) rather than reduce them...
Germany's Exports Tumble Unexpectedly Darkening The Outlook
As there was slight sun peeping in through the window in Germany, since the nation was counting on exports for growth, we see today that this hope was sabotaged as exports fell unexpectedly which negatively impacted the nation's current account. Also from the nation, we saw that CPI inched higher...
Euro And Sterling Continue To Fight An Uphill Battle
There was again no hard fresh news to guide the price action in the major currency cross rate. Nevertheless, concerns on the budgetary situation in Europe and the UK (reinforced by comments from rating agency Fitch) continue to weigh on the euro and sterling. The dollar remains well bid, 'by...
Fed President Evans Says Extended Pperiod Means 3-4 Policy Meetings!
Yesterday was a light day in terms of financial data with no major economic reports released from the US. Overall the USD traded weaker, equity markets almost unchanged and commodities such as OIL and Gold closed at $81 and $1115. Fed President Evans was in the spot light and was...
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