Every Forex strategy has its share of loyal followers. But the intraday methods seem to always remain among the top traders’ choices. Let’s discover what is intraday trading in Forex and what are some of the Forex trading intraday strategies that work.

The last day of the current trading week promises to be stressful enough for the British currency. Traders expect to release statistics on business investment and GDP for the 1st quarter. Data on the volume of industrial production and trade for March will also be released later in the morning.

Today, early morning, the Reserve Bank of Australia decided to keep interest rates unchanged at 1.5%. The regulator based his decision on the fact that the recent release in terms of inflation did not meet expectations. In addition, the economic uncertainty within the country makes itself felt by a decrease in household spending and housing prices.

As expected by our recent forecasts, the single European currency is under strong pressure from the US dollar and, at the moment, is actively selling in the foreign exchange market. The reason for this is the expectation of strong US labor market statistics coming out today. NFP forecast >

An expert advisor (EA) is a software program that analyzes data and provides a trader with buy and sells recommendations that fit within the trader’s strategy. Much like a trader, an expert advisor analyzes historical data and forecasts future price movements using this data.

As you have browsed the internet in order to learn more about forex trading you have probably come across the term forex trading signals quite a bit and as you read and learned more about what a trading signal is you may have wondered how to use generate them.