Why you should try forex trading today?

Another interesting week in markets as the week comes to an end. We could see more volatility as $2.1 trillion option notional expires. Read below to find out more.

What is traded in forex?

The event risk this week is really centred on Fed chair Jay Powell’s speech at the Jackson Hole forum (Sat 00:00AEST), with other global data points unlikely to promote as great a reaction – Powell should keep the option of a 75bp hike at the 21 Sept FOMC

Why do you buy and sell currency pairs in forex trading?

Ask a trader who is the most influential central bank, and the answer should unequivocally be the Federal Reserve. Then, ask the same traders which central bank has the hardest job in setting policy, and you’ll most likely hear them say “the ECB” – They have to set policy for 19 different countries, where a one-size fits all model is fraught with challenges – all the while, the Eurozone is most exposed to the Ukraine conflict, has very high supply-side driven inflation and a looming energy crisis.