5 Mistakes Every New Forex Trader Makes
Overleveraging, ignoring the spread, trading the news without context — and how to avoid each one.
Vera explains market-moving events and economic context with clarity, restraint, and a learner-first perspective.
Federal Reserve Governor Christopher Waller said he supports further interest-rate increases if inflation remains elevated, while stressing that the timing should depend on incoming economic data. His comments reflect a cautious approach to balancing inflation risks with economic conditions.
Japan’s Economy Watchers Index rose to 47.0 in September from 45.6 in August, indicating improved sentiment among businesses and consumers. However, the reading remained below the 50-point level that separates improving from worsening conditions.
German exports fell 0.8% in August, missing expectations for a 0.6% increase, while imports rose 0.9%. The trade surplus narrowed to €19.5 billion from €21.6 billion in July, with exports to the U.S. dropping 6.3%.
The UK RICS house-price balance fell to -32% in September from -28% in August, showing increased downward pressure on property prices. Higher interest-rate expectations made buyers more cautious, while sales activity also weakened.
Royal Navy member Teddy Young, 24, has been charged under the UK’s National Security Act with allegedly obtaining protected information and preparing to disclose it for the benefit of a foreign power. He is due to appear in Westminster Magistrates’ Court.
Britain said on 8 October that its East Jerusalem consulate building will remain operational as the UK Mission, Jerusalem, with a smaller diplomatic presence. The announcement follows expiry of Israel’s closure deadline, imposed over UK sanctions targeting West Bank settlements. Israel says consular operations will formally end, while Britain says the mission will continue serving Palestinians. The development changes the earlier expectation of a complete closure.
Yemen’s Houthi group said on 8 October that it had attacked King Khalid International Airport in Riyadh with a ballistic missile, Reuters reported. Saudi Arabia had not immediately confirmed the latest claim. The statement followed Saudi reporting of a separate midweek attack at the same airport that killed one person. The earlier casualty report should not be treated as proof of damage or fatalities from the latest claimed strike.
Nicolás Maduro and Cilia Flores are expected to face additional US charges concerning alleged torture of detained Americans, Reuters reported, citing an official briefed on the investigation. Charges could arrive on 8 October, but the report did not confirm a filing. Both have pleaded not guilty to existing drug-related charges. Details of the anticipated counts and the identities of alleged victims were unavailable in the report.
The U.S. dollar held near an 18-month high after Federal Reserve minutes showed most policymakers saw further rate hikes as appropriate due to persistent inflation risks. Higher Treasury yields also supported the greenback, although markets still expect the Fed to pause in October.
Samsung Electronics expects third-quarter operating profit to reach a record 107.4 trillion won, up 782.5% year-on-year. Strong demand for AI-related memory chips drove the surge, while revenue is expected to rise 126.6% to 195 trillion won.
Turkey is providing mainly defensive and technical support to Saudi Arabia as it responds to Houthi attacks. Assistance includes military equipment, air-defence capabilities, intelligence, logistics and drone operators, while no Turkish combat troops have been deployed under the alliance so far.
Bank of Japan policymaker Ayano Sato said she supports raising interest rates in stages, with the timing guided by economic data rather than a fixed schedule. She also warned that rising oil prices could increase inflation risks.