The ECB will make a statement regarding the future monetary policy on Thursday, July 21, at 15:15 MT time (GMT+3).
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.
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on July 8, at 15:30 MT time.
The Bank of England will publish a monetary policy summary on Thursday, June 16, at 14:00 MT time (GMT+3).
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.
The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.