The Canadian dollar is a national currency of Canada. It is a free convertible currency and the sixth most traded currency on the Forex...

GDP or Gross Domestic Product represents the total monetary value of goods and services produced over a specified period of time in a country. In other words, GDP measures the overall productivity of a country's economy and is used to measure the level of growth and the economy's health in general.

Quite simply, eurodollar (also known as EURUSD), is the exchange rate between the currencies of the world's two largest economies when measured by GDP - USA and the Eurozone. The Eurozone consists of the economies of 19 EU member states who have adopted the euro as their currency. These 19 member states have ceded control over monetary policy and interest rates to the European Central Bank. And as far as the currency is concerned at least they trade as one entity.

Do you remember the first time that you came across the financial markets, or more specifically, forex trading? Unless you had a keen interest in economics, it's highly likely that you were almost immediately drawn to technical analysis (T.A). Those attractively colourful indicators, pin-point accurate support/resistance lines and rumours of other technical traders trading for a living, is usually enough to lure the majority of newcomers into this category. There is, however, another technique used to analyse the markets: fundamental analysis (F.A).