Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
An important indicator may support the USD
Information is not investment advice
The United States will release the level of preliminary GDP growth on August 29, at 15:30 MT time.
The GDP growth shows the change in the value of all goods and services produced by the economy. Economists pay attention to this indicator as it represents the economic activity of a country. According to the forecasts, the indicator will advance by 2%.
• If the actual level of indicator is higher than the forecast, the USD will rise;
• If the actual level of indicator is lower than the forecast, the USD will fall.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.