surprising forex trends today

Forex market today – most volatile forex pairs

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Tech stocks were among the fallers yesterday, with major indexes including NASDAQ100 dropping 2.57%. Top tech companies had mixed performances as well such Tesla down 6 percentage points and Microsoft falling 4% over Monday’s close; however Apple lost 1 910 handles compared to an increase of 90 thousand for its rival Amazon.

Check out our economic calendar for details.

Giving you the latest updates and an overview of how the volatile market looks right now!


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volatile markets January 2022
Oil shows recovery! After yesterday showing a correction, the black gold was back in the green this morning. It’s trading steady at $81 per barrel now with some positive news about supply cuts from OPEC members sending signals that they may cut production levels even further to help stocks recover more quickly than expected

The market volatility provides numerous AMAZING money-making opportunities for investors that are looking for fast profits. That’s why having a close look at the volatile markets is one of the key factors to be profitable in your forex trading. Investing is inherently about risk, but risk works both ways.

Here we give you a quick look at what to look for and which currency pairs you should pay extra attention to right now.

What to look for in the market right now?

Upcoming events on the Economic calendar.

Here are some of the main news right now:

Financial stocks had a good run last year, and it looks like they’re continuing their success this time around too! The UK100 rose yesterday as well with 2.43% growth since January 1st – led by Prudential’s impressive rise of 3%. Five out ten top companies were financials: International Airlines Group (IAG) increased by 2.72%, Barclays Bank was up another 0 .5%, while Aveva dipped down 641british pound sterling). Finally we saw Spirax Sarco Engineering fall 4%).

Bitcoin takes a step back, but still up over 3% for the week
The crypto market was mostly lower over 24 hours ago. However at time of writing Bitcoin has retracted 2% and is on its way back towards positive territory after retracting earlier today due to some news that happened recently with South Korean authorities saying they would regulate bitcoins.

Rising and falling markets now

Longterm trends January 2022
Check out today’s rising forex markets where EURCAD is one of the most dominating currency pairs now. A clear buy trade! Also, have a look at CADJPY which is the leader of today’s falling forex markets. For updated market maps visit Barchart.com

Understanding bullish and bearish terms in forex trading

Are you confused of the terms bullish and bearish when talking about the forex markets?

Bullishness is a sentiment or mindset adopted by a trader, thinking securities will move up in price.

The opposite of this is bearishness, which is the sentiment that securities and markets are likely to move down in price.

I may write for example that “I am bullish on EURUSD” in one article. It means that I noticed that EURUSD is moving up.

The terms bullish and bearish can also be used to describe a trend or movement that has already happened. For example, if EURUSD has made a drastic move down from 1.2160 to 1.1950 after some economic news, one may say that the pair has been bearish.

While the most common use of the term is in the forex market, these terms do not necessarily apply only to forex but also stocks. The terms can also be used when thinking about investments in the real estate sector, the commodity markets, and other investment arenas.

Technical Opinions

CADJPY strong buy January 2022
CADJPY is a strong buy according to Barcharts (January 2022)
Market News and Commentary. AUDUSD on Investing.com
AUD USD Live Charts:
barchart.com

CADJPY: The Barchart Technical Opinion rating is a 100% Buy with a Strongest short term outlook on maintaining the current direction.

Long term indicators fully support a continuation of the trend.

A Bullish trend is one where there is an upward trend or rising direction in the market. Contracts listed as bullish are those whose standard deviation has risen over the specified time period.

Bullish pair right now: CADJPY and GBPYJPY are in a long-term bullish movement, as shown in The Market Movers below.

You can also check out our target trading analysis for AUDUSD.

A Bearish trend is one where there is a downward trend or falling direction in the market. Contracts listed as Bearish are those whose standard deviation has fallen over the specified time period.

Bearish pair right now: EURUSD and EURCAD are in a long-term bearish movement, as shown in The Market Movers below.

Check out our target trading analysis for USDNOK.

The Biggest Market Movers

We try to get you a feeling of which currency pairs are having the biggest moves and whether the strength/weakness is broad-based by having a quick glance at the currency pairs. 

The overview below displays a graph showing Bullish Momentum as green bars (higher standard deviation), followed by Bearish Momentum as red bars (lowest standard deviation). 

Forex market map
Forex market today: The most surprising forex prices right now. GBPAUD and the NZDCAD are among the biggest market movers. Look out for some volatile forex contracts with large price movements.

How to trade volatile currency pairs

There are categories of currencies that are typically more volatile and have larger percentage price changes than others.

Could the volatile market increase your earnings faster? Yes, but this depends on your entry point and if you are on the right side of the trade.

  1. Currencies with high volatility will normally move more pips over a certain period than currencies with low volatility. This leads to an increased risk when trading currency pairs with high volatility.
  2. Currencies with high volatility are more prone to slippage than currency pairs with low volatility. Slippage refers to all situations in which a market participant receives a different trade execution price than intended.
  3. Due to high-volatility currency pairs making bigger moves, you should determine the correct position size to take when trading them.

Higher risk

The currency markets are capable of a range of factors that affect their volatility, and many traders look to tailor their strategies to capitalize on the most volatile currency pairs.

Volatility, usually measured using how much the difference of a currency pair changes in value, gives traders an expectation of how much a currency can turn aside from its current price over a certain period.

The higher the volatility of the currency, the higher the risk. Volatility and risk are usually used as interchangeable terms. Never risk more money than you can afford in forex trading, and it’s valid also for trading with volatile currency pairs.

most volatile currency pairs to trade with fast movements
We have looked at 10 very volatile currency pairs and how they can move extremely fast!

4 factors that decide the market movers

Market movers are all those news that give direction and increase short-term volatility. The 4 strategic market movers you need to know about are:

  • Interest rates: The Central Bank Decision deals with the quarterly meetings of the central bank, where interest rates are decided. If the interest rates of a given country increase, its currency will rise in the short term and therefore it would be good to buy it, otherwise it’s better to sell it.
  • The NFP (non-farm payrolls) provides a report on the US labor market, which is released every first Friday of the month.

    This data is very important as it shows how many jobs have been created. If jobs are higher than expected we can invest by buying dollars, or if instead, jobs are less than expected you can invest by selling dollars.

    It’s interesting to invest in currencies related to the dollar which are mostly not influenced by other ongoing news and trends.

    The release of the NFP generally occurs on the first Friday of every month at 8:30 a.m. Eastern time. This news release creates a favorable environment for active traders because it provides a near guarantee of a tradable move following the announcement.
  • The consumer price index (CPI) indicates inflation or the deflation of a country. Inflation indicates a considerable rise in prices, while deflation indicates a contraction.

    From a trading point of view, the CPI released with values higher than analysts’ expectations is an indication that the currency the data is related to will rise and therefore a good time to buy it. On the other hand, depreciation signals a good selling opportunity.

    On the European side, it’s important to avoid following the data of individual countries which don’t affect the common currency, except for Germany, which could have an impact on the Euro.
  • Gross domestic product (GDP) is another indicator of the health of a country. A country’s GDP measures the percentage increase in production over a period of time. A GDP growth of a nation suggests economic growth.

    Three consecutive negative GDP results indicate that the country is in economic recession: an opposite result would indicate an economic expansion. The following macroeconomic news impacts not only the currency market but also the stock and bond markets.

Daily updates

We provide these charts daily and let you know the latest trends in the forex market today. Check out updated charts on Barchart.com.

Check out target updated trading ideas for other hot currency pairs: USD MXN Analysis

Are there any news that can have an impact on the live market today? Check out our economic calendar here.

What are the best currency pairs to trade in 2022? Everyone has their own opinion on this question, but we’re going to share ours with you. Our team of forex traders has analyzed all the major currency pairs and determined that the five best ones for trading in 2022 are. Check out our new post to find out why these pairs are so promising for next year!

Our Forex Heat Map will completely change your perception of the market. You’ll understand how and why specific currency pairs move. You will have no problems recognizing the strong and weak currency, so that you can open only those transactions with high probability of success.

Disclaimer: Forexandprofits.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

All CFDs (stocks, indexes, futures), cryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.

Therefore Forexandprofits.com doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Forexandprofits.com or anyone involved with this website will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts, and buy/sell signals contained within this website.

Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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