In forex, “macro” generally refers to the analysis of the overall economic environment of a country or region and its impact on currency markets. This includes the examination of economic data such as GDP, inflation, employment, and trade balance, as well as the policies of central banks and governments. Traders who use macroeconomic analysis often make decisions based on long-term trends and factors affecting a currency, rather than short-term price movements. This approach is sometimes called “top-down” analysis.