
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
United States Bureau of Economic Analysis will release Gross Domestic Product (Advance GDP) on April 28, 15:30 GMT+3. It's the broadest measure of economic activity and the primary gauge of the economy's health. Estimates of GDP are released on a monthly and quarterly basis. Quarterly ones tend to have the most impact as they collect the data from more extensive periods.
GDP reflects a change in the inflation-adjusted value of all goods and services produced by the economy. Thus, bigger-than-expected (or just huge) numbers tell us about economic growth. Last release exceeded expectations by 1.6% (6.9% actual vs 5.3% forecast). After the reading came out, USDCAD gained almost 1000 points till the end of the trading session. Thus, you'll have plenty of time to plan and execute your trades.
The market takes higher-than-expected numbers positively for the USD, while an opposite reading is bearish for the currency.
Check the economic calendar
Instruments to trade: EURUSD, USDCAD, USDJPY.
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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