Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
US Final GDP will impact USD
Information is not investment advice
What will happen?
The final US GDP will be out at 14:30 MT on March 25. The GDP growth is one of the most important economic indicators for any country and especially for the US. Therefore, traders pay a lot of attention to it. There are 3 versions of GDP released a month apart - Advance, Preliminary, and Final. This report is the third and the last one. The Preliminary report revealed the economic expansion of 4.1% in Q4 2020, slightly higher than the Advance one, which was 4%. In comparison with the 33.4% growth in the third quarter, the Q4 data, of course, wasn’t so encouraging. The continued increase in Covid-19 cases and social distancing restrictions pressed down consumer spending.
How to trade on US Final GDP?
Nothing is easier! Open our economic calendar at 14:30 MT on Thursday and follow the rule below.
- If the GDP growth is greater than the forecast, the USD will rise;
- Otherwise – fall.
Instruments to trade: EUR/USD, GBP/USD, AUD/USD, USD/CAD
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
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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