Monday, October 12, 2020

📊 GBP/USD’s Current Trend Rating on MarketMilk™: Bullish | Today’s Featured Pair: AUD/JPY

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
October 12, 2020
GBP this week: Deal or no Brexit deal?
The clock is ticking for EU and U.K. negotiators as their October 15 deadline looms. Will we see some form of a deal this week? Here's a list of this week's pound catalysts.
Trading today? Read this first.

Today, Pip Diddy's checking AUD/JPY as an upside break-and-retest pattern forms for a potential bullish, or even bearish, setup ahead. Here's what he'll be on the lookout for.

A busy week ahead for AUD

Lots of things going on for the Aussie in the coming days as Australia prints its labor market reports, RBA’s Lowe takes center stage, and China releases a bunch of top-tier reports.

GBP/USD's current trend according to MarketMilk? Bullish.

Both short-term and long-term trend strength ratings for Cable is in the bullish territory! Take a closer look at the data here:

Here's what to expect from USD this week

We won’t see the retail sales report until the end of the week, so stimulus and election updates will likely dictate the dollar’s trends until then. Here's a quick list of potential USD catalysts!

3 charts to watch this week
Here's a quick review of what happened to the major currencies last week, a preview of what this week is gonna look like, and the three charts you need to check out this week: EUR/USD, GBP/USD, and GBP/AUD!
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