#firstdealofthenewyearAKEEL Staying informed about the latest news and events in forex trading is crucial for making informed decisions. Here are some recent developments and tools to help you monitor the forex market effectively: Recent Developments: U.S. Tariff Deadline Impact: Forex markets are anticipating significant volatility as the U.S. approaches a deadline to impose 25% tariffs on imports from Canada and Mexico. This move aims to address issues like illegal immigration and fentanyl trafficking. The Canadian dollar's implied single-week volatility has reached its highest level since October 2022, while the Mexican peso's volatility is at its peak since the last U.S. election. Traders are preparing for sharp movements in these currencies, leading to increased demand for USD/CAD options. Nigeria's FX Trade Automation: The Central Bank of Nigeria plans to automate foreign currency trades starting December. This initiative aims to enhance transparency, reduce market distortions, and establish a market-driven exchange rate accessible to the public. The new system will feature real-time prices and buy/sell order data, replacing the existing over-the-counter system. Tools for Monitoring Forex News and Events: Economic Calendars: These calendars provide real-time updates on significant financial events worldwide. They allow traders to filter events by date, country, and economic impact, helping to anticipate market movements. MetaTrader 4 Alerts and News: MetaTrader 4 offers tools to stay updated with the latest market events. Traders can set alerts for specific trading conditions and receive notifications via sound, email, SMS, or push notifications. Forex Watch App: This app provides 24-hour tracking of forex market activity, featuring color-coded time indicators to distinguish between open and closed markets, liquidity gauges, and the ability to create reminders for significant market events. By leveraging these tools and staying updated with recent developments, you can make more informed decisions in the dynamic forex market. #firstdealofthenewyearAKEEL