Daily Forex Insights

The Daily Forex Insights exchange market, or forex, dwarfs the stock markets in terms of daily trading volumes with over $5 trillion traded each day. Traders can analyse the market for clues to predict where exchange rates are headed through both fundamental and technical analysis. Fundamental analysis considers countries’ economic situations and prospects – notably their current and future interest rate policy. It also looks at how central banks control the market through their intervention.

Daily Forex Insights: Trends, Tips, and Market Movements

Technical analysis focuses on previous price action and the repetition of well-known chart patterns. A big obstacle with forex is that it is an over-the-counter market, which makes it hard to track trading volume. IG has a dedicated economic calendar specifically for forex traders that details when key economic data is due out and when international political meetings or scheduled speeches from world leaders, or the heads of major central banks, are taking place.