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  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/iUvhLfQgcK
  • The US Dollar caught a bid in the late part of last week to set a fresh September high. FOMC is around the corner, are bulls going to be able to push for another fresh high? Get your weekly US Dollar forecast from @JStanleyFX here: https://t.co/ZkDHyV1VhM https://t.co/w5sPChKdNx
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/bde30KM8OE
  • The Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX here: https://t.co/sjh91mjtXs https://t.co/dGT067zKnH
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  • While the meetings of central bankers in the US, Japan and the UK will be front, left and center of traders’ minds this coming week, it would be wise not to ignore next Sunday’s German Federal Election. Get your euro forecast from @MartinSEssex here: https://t.co/m920Uvmngm https://t.co/yQYtfHf66s
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  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here: https://t.co/WIKdSesfkJ https://t.co/Fx0qr32xgI
Webinar: USD Crosses in Focus as Index Eyes Resistance

Webinar: USD Crosses in Focus as Index Eyes Resistance

Michael Boutros, Strategist
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The Dow Jones FXCM U.S. Dollar Index (Ticker:USDOLLAR) is approaching near-term resistance and we’ll be looking for an exhaustion high early in the week. Setups across the dollar pairs remain in focus with sterling crosses also in play heading into the BoE testimony before parliament this week. Keep in mind we’ll also be looking for a fresh batch of central bank rhetoric with speeches from St Louis Fed President James Bullard, Governor Jerome Powell and Chair Janet Yellen on tap. We discussed key levels on EURUSD, AUDUSD, GBPUSD, USDJPY, USDCAD, GBPJPY, GBPAUD, SPX500 and more.

Event risk is weighted towards the latter part of the week with the Bank of Canada interest rate decision, U.K. GDP, Japanese CPI and U.S. durable goods & GDP highlighting the docket. Continue to track these setups with daily webinars and more updates throughout the week -Subscribe to SB Trade Desk and take advantage of the DailyFX New Subscriber Discount.

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Relevant Data Releases

Webinar: USD Crosses in Focus as Index Eyes Resistance

Check out SSI to see how retail crowds are positioned as well as open interest heading into March trade.

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or ClickHere to be added to his email distribution list

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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