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Latest market review · 23 October 2026

Forex week review: Canada’s survey timing matters before October 28

Read the timing caveat in Canada’s October 19 business survey and prepare for the confirmed Bank of Canada and Federal Reserve events next week.

Read the Friday review →

City perspectives: latest articles

22 October 2026

Houston

Houston forex signals: a dollar-denominated business story needs a pair

Turn a Houston energy narrative into better forex research questions without treating business exposure as an automatic currency trade.

Read article →
Chicago

Chicago forex readers: do not confuse spot quotes with currency futures

Review the product behind a forex signal, including the venue, quote convention and lifecycle, before comparing its levels.

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New York City

New York forex signals: organize the policy calendar before the entry

A New York framework for separating monetary-policy facts, currency interpretations and the conditions needed for a forex setup.

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Toronto

Toronto USD/CAD signals: read both policy calendars

Review USD/CAD signals from Toronto by separating Canadian policy facts, US assumptions and the entry conditions for the actual trade.

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Calgary

Calgary currency signals: test the oil-and-dollar shortcut

A Calgary guide to evaluating currency signals without assuming an energy headline supplies a complete Canadian-dollar trade.

Read article →

Market Blog

Forex market blog.
A clearer perspective.

Explore market concepts, practical analysis and the questions behind each setup.

Illustrative market structure

Featured article

Liquidity and execution

Why the quote and your fill can differ.

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Trading signalsMarket intelligenceLearning centre

Execution

Liquidity and execution

Why the quote and your fill can differ.

Read the available liquidity

The displayed price is only part of the picture. The quantity available at each level and your order size affect execution.

Match order and intention

A market order prioritises execution; a limit order controls the acceptable price but can remain unfilled. Check broker and product rules.

Account for costs

Review spread, fees and slippage before comparing a setup with its planned reward and risk.

Further reading: CFTC — Foreign Currency Trading

Related learning guide →

Market context

Trading around economic releases

Build scheduled announcements into the plan.

Know the schedule

Review the economic calendar for both currencies. Inflation reports, employment data and central-bank decisions can change pricing quickly. Confirm the spread and whether the original entry remains valid.

Expect changing conditions

Prices and spreads can move rapidly around a release. A stop can fill beyond its trigger and a limit order may not fill.

Record the decision

Write down whether the plan includes holding through the event. Review the actual outcome and execution afterwards.

Further reading: CFTC — Foreign Currency Trading

Related learning guide →

Market structure

Understanding failed breakouts

A move through a level does not guarantee continuation.

Define the boundary

Identify the range, timeframe and rule used to recognise a breakout.

Watch the return

Price may move beyond a level and then return to the range. Define invalidation before the event.

Avoid hindsight

Review the information available at the decision time. No confirmation rule eliminates reversals.

Further reading: CFTC — Foreign Currency Trading

Related learning guide →

Risk management

Stop-market and stop-limit orders

Understand the execution trade-offs.

Stop-market

A triggered market order can fill away from its trigger price.

Stop-limit

A triggered limit order can remain unfilled if the market moves beyond the limit.

Check the product

Order support, session validity and trigger rules vary. Read the broker and exchange terms for the instrument.

Further reading: CFTC — Foreign Currency Trading

Related learning guide →

Market context

Sessions and rollover

Understand the timing behind the price.

Identify the session

Liquidity and volatility vary across sessions. Confirm the chart timezone and the trading hours supported by your broker.

Understand rollover

Retail forex financing or swap charges depend on the product and broker; check their rules.

Keep a clear record

Record the quote source, session and relevant charges or contract month in the journal.

Further reading: CFTC — Foreign Currency Trading

Related learning guide →

Trade planning

What reward-to-risk tells you

Keep the planned ratio separate from probability.

Use consistent units

Measure the planned gain and loss using the same price units and position quantity.

Remember probability

A distant target can produce an attractive ratio without being likely to occur.

Review actual results

Costs, partial exits and changed stops can alter the realised result. Compare actual outcomes with the original plan.

Further reading: CFTC — Foreign Currency Trading

Related learning guide →

Risk management

Leverage and position sizing

Margin is not the amount you can lose.

Distinguish margin and risk

Margin is collateral required to hold a leveraged position. A small deposit can control a much larger exposure.

Calculate cash exposure

For EUR/USD, one pip is conventionally 0.0001. For 10,000 EUR, a one-pip movement is USD 1. Other pairs and account currencies require different conversions. Check the product and quantity conventions with your broker.

Allow for adverse moves

Gaps and rapid movement can exceed the planned stop risk. Check margin requirements, liquidation rules and total exposure before considering an order.

Further reading: CFTC — Foreign Currency Trading

Related learning guide →