Wednesday, September 9, 2020

⏰ Heads up, EUR traders! The ECB monetary policy announcement is happening tomorrow. Here’s what you need to know.

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
September 9, 2020
Trading today? Read this first.
The downtrend in GBP/CAD is one to watch as volatility picked up in CAD after the latest monetary policy decision from the BOC, and as Brexit uncertainty continues to weigh on the pound.
Today's trade opportunities on AUD/USD and EUR/CAD

Big Pippin's checking out AUD/USD‘s uptrend and a possible trend continuation play on EUR/CAD. Think you can make pips off these two setups he's spotted?

This week's crypto price analysis: Breakout levels to watch
Big Pippin's seeing a lot of consolidation for bitcoin and its peers lately. Better keep tabs on these breakout levels on the short-term charts!
Today's top performing USD pairs

Using MarketMilk's USD Pairs watchlist, we can quickly see which USD pairs are moving higher. Below are the top five USD pairs during the last four hours:

Trading tomorrow's ECB September statement
If you’re hoping to grab some pips off the ECB monetary policy announcement this week, here’s what you should know about the top-tier event.
"How can I profitably close trades when retracements happen?"

Forum member ajbozdar writes, "How do you manage to close the position profitable in such trades? Are all trades in the given situation closed with a loss?"

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