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SurfNZ Forex provides useful forex news and exchange rates.

Forex news:

Gold Prices Rise as Team Trump Steers Fed Rate Hike Outlook
China’s Market News: Onshore Yuan Remains Capped amid Neutral Policy
EUR/USD Halts Bearish Series; ECB on Course to End Easing-Cycle?
DXY Do or Die – Trendline Break to Seal the Fate
The Saga of USD Congestion Continues, For Now
Crude Oil Prices Look to EIA Inventory Data to Power Recovery
US Dollar May Rebound as FOMC Minutes Fade From View
USD/JPY Decision Time- 112.30 Line in the Sand
HKD Gains as Hong Kong Introduces Tax Cuts to Stimulate Economy
USD/JPY Inverse H&S Takes Shape Above 112.50; FOMC Minutes on Tap
USD/JPY, Gold Price Action Diverging from USD-Strength Theme
DXY Looks to FOMC Minutes for More Evidence of Impending Rate Hike
US Dollar Pulls Back vs. Yield-Sensitive FX as FOMC Minutes Loom
Gold Price Chart Hints at Topping, Hawkish FOMC Minutes May Help
Resilient Core Retail Sales to Curb Canadian Dollar Weakness
Crude Prices Flirt with Key Resistance- 2017 Opening Range Intact
USD/CAD Constructive Above 1.3070 Ahead of Canada Retail Sales
China’s Market News: Banks Face Elevated Targeted RRR as Fail in Assessment
EUR/USD Losses Favored on RSI Trigger; Fed Mulls March Rate-Hike
Brexit Briefing: Pound Struggles for Direction As Parliament Prepares for Ping-Pong
Dollar Tests a Key Resistance Level as EUR/USD Sits on Support
DXY Aims for Monthly Highs as Fed March Hike Odds Increase
US Dollar May Rise on Fed-Speak, Pound at Risk on Carney Comments
Crude Oil Prices Look to IP Conference as Deadlock Continues
China’s Market News: The PBOC Revises Yuan Reference Rate Mechanism

Exchange Rate Information:

ANZ Bank
ASB Bank
BNZ Bank
National Bank
Westpac


How to spot trading opportunities in forex



By Zoe Fiddes, easy-forex



When buying stocks and bonds, the goal is to profit from dividend and interest income and appreciation in value. In the forex market you buy or sell currencies which are traded in pairs, with the goal of trying to profit from appreciation or depreciation of one currency versus the other. Knowing when to buy or sell a currency may appear daunting for those unfamiliar with the forex market but there are some basic guidelines forex traders use to spot trading opportunities.



To spot trading opportunities, most traders rely on fundamental or technical analysis or a combination of the two. Fundamental analysis includes economic data, political developments, central bank monetary policy decisions and global events. Technical analysis focuses on forecasting based on market price action using a number of methods to interpret chart patterns and identify market direction.



Fundamental analysis usually begins with an economic calendar. Currency markets tend to make price moves in reaction to economic reports as they are the main barometer of a countrys economic health. Forex trading platforms like easy-forex provide economic calendars which include regularly scheduled economic releases from all the major developed economies and help to determine the importance of these economic reports and potential impact on the currency markets. Fundamental analysis will also look at issues of political stability and changes in central bank monetary policies which can significantly impact currency price moves.



For the past four years, price movement in most financial markets including stocks, bonds and currencies, have been greatly influenced by risk sentiment. When risk aversion rises, traders may liquidate positions in riskier assets and shift funds to less risky assets, seeking safe haven in currencies like the US dollar (USD), Swiss franc (CHF), Japanese yen (JPY) and gold. The downgrade of the US debt rating and the EU crisis helped propel gold to a record high last year.



Conversely, when risk aversion subsides, there is greater demand for riskier assets and higher yielding currencies like the Canadian, Australian and Kiwi dollars. One of the best starting points to determine whether to buy or sell a currency is to monitor economic and global news that contribute to risk sentiment.



A recent example of this type of dynamic is the euro currency selling at a 16 month low versus the USD in reaction to concern about the EU debt crisis. Economic and regional news that shows escalation in the EU debt crisis may spark additional selling pressure of the euro. Positive news that dampens fears about the crisis may encourage buying of the currency.



Technical analysis usually starts with identification of chart patterns. There are a multitude of tools that are used to interpret chart patterns. Currency trading platforms like easy-forex provide free chart packages that can help spot technical buy and sell opportunities based on market price action.



Forex markets often move in identifiable long-term trends. Despite what many would consider negative economic fundamentals in Japan that include weak growth, low interest rates and a rising budget deficit, the JPY has been in a strong uptrend against the USD rising to an 11 year high in 2011. JPY is supported by safe haven demand and risk aversion. Technical analysis can be used to spot a trading opportunity and help gauge if the trend for the USD/JPY will continue.



Zoe Fiddes

UK Branch Manager

easy-forex


www.easy-forex.com



Disclaimer: Please note that forex trading (OTC trading) involves substantial risk of loss, and may not be suitable for everyone. The information provided is based on data generated by third party investment research providers. easy-forex does not assume any liability as to the accuracy of such information. This information shall be used for reference only and it is not binding on easy-forex. This is not an advertisement or a recommendation by easy-forex in engaging / binding you in any forex transactions.

 
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