News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Mixed
More View more
Real Time News
  • while compared to MRNA vaccines, risk of rare blood clotting from Covid-19 is 10x greater
  • Oxford Uni finds that compared to AZ-Oxford vaccine, risk of rare blood clotting from Covid-19 is about 8x greater
  • Please join @PaulRobinsonFX at 6:00 EST/10:00 GMT for a webinar on how you can become a better trader in current markets. Register here: https://t.co/XO3SOn8u43 https://t.co/1AO0tXYz7L
  • Heads Up:🇬🇷 Unemployment Rate (JAN) due at 09:00 GMT (15min) Previous: 15.8% https://www.dailyfx.com/economic-calendar#2021-04-15
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/q7YCOo8DM1
  • US Dollar Looks to Retail Sales, Jobless Claims Data for a Lifeline - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/04/15/US-Dollar-Looks-to-Retail-Sales-Jobless-Claims-Data-for-a-Lifeline.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #dollar #retailsales #joblessclaims https://t.co/vJVKJ5P92g
  • Heads Up:🇬🇧 BoE Credit Conditions Survey due at 08:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-15
  • 🇪🇸 Balance of Trade (FEB) Actual: €-1.082B Previous: €-1.769B https://www.dailyfx.com/economic-calendar#2021-04-15
  • 🇮🇹 Inflation Rate YoY Final (MAR) Actual: 0.8% Expected: 0.8% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-04-15
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.93%, while traders in France 40 are at opposite extremes with 75.22%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/F80m5ro5O1
Geo-Political Events

Geo-Political Events

Thomas Long, Course Instructor

Geo-Political events can have a notable effect on the FX market.

The other fundamental announcements that we have discussed previously could all fall under the heading of “scheduled events”.  Each of them has a date on the calendar as to when they will be announced, making them fairly easy to follow and to plan our trading around.  In this category, however, “unscheduled and unpredicted” would be the order of the day.

The key component to remember here is that money abhors uncertainty.  It flees first and asks questions later.

Events of a political nature, such as wars, local conflicts, elections or terrorist activity -- along with weather-related disasters such a hurricanes, tsunamis, etc can impact how currency pairs trade quite dramatically.

In the case of Presidential elections in the US, if it appears that there may be a change of political party the run up to the election can be a pretty “flat” time for markets as traders do not want to commit too strongly in either direction or for the longer term.  If a new party comes into office, the first several months, until the new President demonstrates their attitude relative to the financial markets can be a time a testing as well.  Nothing too dramatic takes place until investors and traders feel they have a “take” on what the longer term economic posture will be.

In the case of weather related events, an example would be if a hurricane went up through the Gulf of Mexico and took out numerous oil platforms.  Clearly this would diminish the supply of oil, and since the Canadian Dollar is so correlated with its price, the CAD would quite likely experience some movement.

geopolitical

On the above chart, the correlation between the price of oil and the Canadian Dollar can be seen.  As oil goes up, the value of the CAD goes up as well.  This chart appears to show an inverse relationship, but that is due to the CAD being the cross currency in the USD/CAD pair.

One of the keys things a trader can take away from this is that protective stops always need to be in place on all trades.  Given the unpredictable nature of world events along with the complete lack of a “timetable”, as is the case with the other fundamental events, a trader can never be too safe.

So now you know a bit more about the part that geopolitical events play in the currency market.

Next: Non-Farm Payrolls

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES