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Here is the digest with the most interesting news for today
Don’t waste your time – keep track of how NFP affects the US dollar!
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The United States will publish the Advance GDP on January 27, at 15:30 GMT+2. This is an annualized change in the inflation-adjusted value of all goods and services produced in the economy.
It's not a secret that GDP is one of the most important measures of a country's economic activity. Being calculated as a change in the value of all goods and services produced by the economy, it serves as an indicator of economic health. The US economy grew by an annualized 2.3% in Q3 2021. However, the initial data that was published on October 28 showed an increase only by 2% (vs. the forecast of 2.6%). As a result, the US dollar fell.
Compare the actual figures with the forecasts in the economic calendar.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
Here is the digest with the most interesting news for today
Markets never sleep! Let’s be prepared for a beautiful trading experience by looking at the most important news of Tuesday!
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
The most impactful releases of this week will fill the market with volatility and sharp movements.
Happy Tuesday, dear traders! Here’s what we follow:
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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