The Most Important News For Today
Here is the digest with the most interesting news for today
US Economy is on the Shaky Grounds
Information is not investment advice
What will happen?
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.
Why is it important?
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.
How to trade on the US Advance GDP?
Compare the actual figures with the forecasts in the economic calendar.
- If the actual figures are higher than the forecast, the USD will strengthen;
- If the actual figures are lower than the forecast, the USD will weaken.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
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