Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Will the US GDP push the dollar?
Information is not investment advice
The final American quarterly GDP is announced on Tuesday at 15:30 MT time.
Instruments to trade: EUR/USD, GBP/USD, AUD/USD, USD/CAD
A chart like the one you see below has never appeared on the desks of the American economists. After an unseen plunge of more than 30% in the second quarter this year, the American economy has expanded by more than 30% in the next one - a charming picture for the eyes of a perfectionist. But don’t take that as a precise figure just yet: the 33.1% is still an estimate that is to be confirmed on December 22. While the probability of seeing a different figure on the due date is relatively low, we have to remember that calculating GDP performance is not an easy task, and the reliability of the figures requires time and precision. Therefore, if the figure is revised to the downside, it will be bad news for the USD. Otherwise, it may rise.
- If the GDP is revised to the downside, the USD will drop.
- Otherwise, it will rise.
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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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