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The US GDP: What’s New?
Information is not investment advice
What will happen?
The US will announce the advanced Gross Domestic Product (GDP) on July 28 at 15:30 MT time. The indicator comes out quarterly and shows the annualized change in the inflation-adjusted value of all goods and services produced by the economy.
How can the USD react?
Last data was worse-than-expected: -1.4% vs 1.1%. As traders counted on another result, the greenback fell before the release and then fluctuated. If you traded one lot at the moment of release coming out, your income could have been $375.
How to trade on the US GDP release?
- If the Actual is better than the Forecast, the USD will strengthen even more.
- If actual numbers are worse than expected, the USD will fall.
Check the Economic Calendar.
Instruments to trade: EURUSD, USDCAD, USDCHF, XAUUSD.
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The Most Important News For Today
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
Crucial News For The Following Week
In this review, we will discuss important news for the following week. What will affect the financial markets soon? How will the main currency pairs react?
Focus on Banks' Meeting and NFP
The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.
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