A common question for all forex traders concerns the information and resources one relies upon in the course of doing business

For current market and economic news, Bloomberg.com (heading Markets, subheading Currencies) carries up-to-the-minute stories covering the major currencies of the world, including emergent ones such as the Brazilian real and Indian rupee. The Bloomberg journalists tend to rely heavily upon figures and percentages, however they don’t neglect the human element in forex trading, describing the emotions behind the dealing desks and how they influence the markets themselves. Add to all this a certain subtle, whimsical sense of humour (“the yen is vulnerable to strengthening further” springs to memory), and hopefully one understands why Bloomberg.com for many traders is the news source of choice.

For level-headed analysis of what’s going on in the world, the team of economists at Wachovia.com cannot be topped and their “Weekly Economic and Financial Commentary” is a must-read for serious forex traders. Neither overly optimistic nor full of doom, during the nadir of the subprime mortgage crisis these analysts capably sorted through the dry statistical numbers for the meanings beneath them, while in December they watched the weather reports to determine if ice storms in the U.S. Midwestern states affected holiday shopping and employment as potentially reducing factors for the economic data.

Similarly, the forex trading team at KBC International Bank fills their “Market Pulse Weekly Report” with both fundamental and technical analyses. In particular, their chart analyses, offered daily on their website, can teach forex traders much concerning the price movements of currency pairs. KBC also offers an email “flash alert” service for serious traders, discussing their analysis of hot topics with a current emphasis on interest rate decisions at the various global reserve banks.

For specifics on forex trading and economics in Australia and New Zealand, Westpac Institutional Bank offers a daily morning report, summarizing the action of the previous day’s trading and how global information has affected the Aussie and Kiwi.

Learn To Trade Forex, Action Forex, and Easy-Forex Australia all offer good learning resources for beginners, such as online courses and ebooks. In particular, the former includes a links page with connections to many good analytical and informational sites, under the heading of Resources.

Pivot point calculators are readily available, and a popular one can be found on the Compass FX resources page. For those traders preferring to let someone else do the work, Easy-Forex Australia’s pre-calculated pivot point numbers have proven accurate through many usages and are located on their home page for easy access.