7 Forex Trading tips for 28th October


Forex trading tips for today ahead of USA Advanced GDP news release. Yesterday, with news from the UK that Nissan will continue into its investment with the manufacturing of two new models. What assurances has PM Theresa May given to the automobile sector? Are similar assurances to follow for other sectors and SME’s?  Are traders bullish USD?  

28th October AtoZ Forex –   Yesterday with news from the UK that Nissan will continue into its investment with the manufacturing of two new models. What assurances has PM Theresa May given to the automobile sector? Are similar assurances to follow for other sectors and SME’s? Are traders bullish USD?

There is  one (1)  high impact news event today.  There are no non-data based events today. Trade cautiously as we come towards month end.

AtoZforex Hint: Do not trade on a single news event look at the total picture when news releases are at similar times.  

 # 1 USA –@ 1:30am BST

Preliminary GDP q/q – Previous 1.4%; Forecast 2.5%; Currency affected: USD

Forex Trading Tips – There are three versions of the GDP released a month apart. This GDP is the earliest and has the most impact out of the three. It is the broadest measure of economic activity and indicator for the economy’s health. Market expects an expansion however, if actual is greater than forecast expect USD to appreciate.

 AtoZ Forex Daily Free Forex Signals,

Currency Pairs – Daily Forex Trading Tips

#2 AUD forex trading tips

The AUD performance was neutral-bearish  in the Asian session.

Forex Trading Tips – On intraday (H1 TF) the bias currently is bearish against CAD, CHF, EUR, GBP, JPY, NZD and USD.

#3 CAD forex trading tips

The CAD performance was generally neutral- bullish in the Asian session.

Forex Trading Tips – On intraday (H1 TF) the bias currently is bullish against the AUD, CHF, JPY, NZD and bearish against EUR, GBP, USD.

#4 EUR forex trading tips

The EUR performance was neutral- bullish in the Asian session.

Forex Trading Tips – On intraday (H1 TF) the bias currently is on the bearish side against the CHF, USD and bullish AUD, CAD, GBP.

#5 GBP forex trading tips

The GBP performance was mixed in the Asian session.

Forex Trading Tips – On intraday (H1 TF) the bias currently is bullish AUD, CAD, JPY, NZD and bearish EUR, USD.

#6 JPY forex trading tips

The JPY performance was a neutral ride in the Asian session.

Forex Trading Tips –On intraday (H1 TF) the bias currently is bullish AUD, CAD, CHF, GBP and USD.

#7 USD forex trading tips

The USD performance was mixed in the Asian session.

Forex Trading Tips –On intraday (H1 TF) the bias currently is on the bullish against the AUD, CAD, JPY, NZD and bearish  on CHF, EUR, GBP.

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