Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
The USD may rise on the release
Information is not investment advice
The United States will publish the level of quarterly advance GDP growth on April 26, at 15:30 MT time.
The GDP growth shows the annualized change in the value of all goods and services. We pay attention to its advance release as it is the earliest data, which tends to have the biggest impact. Last time the indicator increased by 2.2%. The actual figures were higher than the expectations. As a result, the greenback got positive momentum. If the situation repeats itself this time, the USD may rise again.
• If the actual level of the indicator is higher than expected, the USD will go up;
• If the actual level of the indicator is lower than expected, the USD will go down.
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.