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.
South Korea’s factory PMI rose to 53.9 as export orders recorded their fastest growth since 2011. The data points to stronger manufacturing activity and improving external demand, particularly across export-oriented industries.
UK house prices fell 0.2% in September, while annual growth slowed to 0.8% from the previous rate. The figures indicate weaker momentum in the housing market as buyers and sellers respond to changing economic and borrowing conditions.
The United States is pressing France and Germany to release diesel reserves, with an export ban reportedly being considered if they do not comply. The move could affect European fuel supplies and add pressure to already tight diesel markets.
Euro-area unemployment remained unchanged at 6.4% in August, while the number of unemployed people edged higher. The data indicates that the region’s labour market remains relatively stable, although joblessness increased slightly during the month.
Estonia has banned the transit of Russian and Belarusian grain under a new national sanction. The measure restricts the movement of agricultural goods from the two countries through Estonia and adds to existing trade-related restrictions.
The UK 30-year gilt yield has risen above 6% for the first time since 1998. The sharp increase highlights higher long-term government borrowing costs as investors reassess inflation, interest rates and the UK’s fiscal outlook.
Euro-zone factory activity strengthened in September, with the PMI rising to 52.9, its highest level in four years. The reading indicates a continued expansion in manufacturing activity and points to improving conditions across the region’s industrial sector.
Chinese refiners have suspended most fuel exports, tightening supplies in Asian product markets. The reduction in shipments is increasing pressure on regional fuel availability and could affect prices as traders assess supply conditions.
Flydubai flight FZ1073 diverted to Saudi Arabia after the co-pilot reportedly stabbed the Indian captain during the flight. The incident led to an emergency diversion and raised concerns over aviation safety and crew security.
Iran’s embassy in Sarajevo has issued a statement defending Supreme Leader Mojtaba Khamenei while criticising the United States and Israel. The statement reflects continued diplomatic tensions and Iran’s position amid ongoing regional and political disputes.
U.S. Secretary of State Marco Rubio has ordered Iran’s UN delegation to leave the United States after talks between Washington and Tehran stalled. The move adds further tension to already strained diplomatic relations between the two countries.
core PCE inflation rose 0.2% in August, coming in below market expectations. The softer reading may ease some inflation concerns as investors assess the outlook for Federal Reserve interest-rate policy.