How will the USD react to GDP release?

How will the USD react to GDP release?

This is the third and the final release of American GDP growth in the first three months of the year. The publication will take place at 15:30 MT time on June 28.

The previous estimates showed that the US economy is in good shape. The US GDP rose by 2.2% on the annualized basis in the first quarter. It was a strong start of the year compared with other developed economies, in particular, the euro area. Such strong figures give the USD a competitive advantage versus the EUR.

Notice, that this time GDP growth we mentioned earlier may be revised either up or down. Such revisions are quite common as statistical agencies get more accurate figures. The bigger the revisions, the greater the moves in the USD.

  • If the data is greater than the forecast, the USD will go up.
  • If the data is weaker than the forecast, the USD will go down.

 Screenshot_1.png                                                                                              

                                                                                           TRADE NOW

Similar

Market updates on August 15

The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.

Latest news

German exporters don’t care about stronger euro

German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…

Japan's October machinery orders tack on

In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera