Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE

View
How Much Did the US Economy Grow in Q2?

How Much Did the US Economy Grow in Q2?

Information is not investment advice

What will happen?

The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29. The data present an annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary gauge of the economy's health. While this is q/q data, it is reported in an annualized format (quarterly change x4). There are three versions of GDP released a month apart – Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact.

In the first quarter, the US GDP growth equaled 6.4%, which was lower than anticipated. Investors took this news in a positive way though as they paid more attention to the difference with the Q4 2020 result, which was 4.3%, and 6.4% in Q1, 2021.

How to trade on the US GPD statement?

Traders will want to see whether the actual numbers exceed market expectations or not as this will have the greatest impact on the USD.

  • If the actual GDP data is higher than was expected, the USD will strengthen.
  • If the actual GDP data is lower than it was expected, the USD will weaken.

Instruments to trade: AUD/USD, USD/CAD, NZD/USD.

Check the economic calendar

доллар (1).jpg

LOG IN

Similar

Popular

Choose your payment system

Be on top of your game

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later