Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
| | | | | | | Trading term of the day: Gross Domestic Product (GDP) | | GDP is one of the most comprehensive and closely watched economic statistics since it is used as a gauge of our economy's overall size and health. Here's why GDP is important. | | | | | | | | USD this week: First GDP read + elections headlines | Has the economy really bounced by more than 30% in Q3 2020? Check out what dollar traders are looking at for the week ahead. | | | | | | | | What to expect from the EUR in the coming days | | The ECB is up this week! Not only that, but the Eurozone is printing a bunch of quarterly data that just might translate to one-directional trends. | | | | | | | | Which among the major pairs are currently bullish/bearish? | Using MarketMilk's Trend Strength short-term tool, we can see the two pairs that are currently in the green territory: USD/CAD and NZD/USD! Take a closer look at the data:
 | | | | | | | | This week's potential AUD catalysts | Australia isn’t printing a lot of closely watched reports, which means traders could look at this week’s releases with an eye towards next week’s RBA decision. | | | | | | | | 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: USD/JPY, NZD/USD, and GBP/JPY! | | | | | | | | | | | | | |
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