Euro zone inflation reaches six-year maximum in October
In October, euro zone inflation demonstrated its fastest tempo for almost six years, powered by energy prices…
American GDP and its impact on the USD
The USD has recently been ahead of other currencies. The main reason behind its strength was that the strength of the American economy in comparison with the economies of other advanced nations.
To continue its advance, the greenback needs more positive figures. That’s why traders will pay special attention to the key economic indicator called GDP. The second release this indicator for the months of April-June will take place at 15:30 MT time on August 29. The initial figures showed that the US economy had risen by 4.1%. That was a bit lower than the forecast number of 4.2%. Notice that this indicator often gets revised.
• If GDP growth is revised up, the USD will gain.
• If GDP growth is revised down, the USD will fall.
Similar
Weekly Cryptonews
The crypto market experienced huge losses during this week. What are the reasons?
Japanese exports rebound in October
In October, Japan's exports rebounded following dives provoked by a series of natural disasters…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
