Cautious optimism on Friday
All the interesting market movements are here!
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
Market is crazy after Biden’s transition
Oil jumped to March high, stocks are heading to record highs, while the US dollar is on the back foot.
Wednesday is full of US reports
News geeks get ready for the chain of US reports, which starts at 15:30 MT time on November 25!
Latest news
Will the euro stand firm?
The European unemployment rate is announced on Wednesday at 12:00 MT time.
Starting winter with optimism
EUR/USD, the S&P 500, gold, and oil - everything is here! Jump in!
Will the RBA support the Aussie?
The Reserve Bank of Australia announces the cash rate on Tuesday at 05:30 MT time.
Deposit with your local payment systems
