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The United States will publish the advance GDP growth on July 26, at 15:30 MT time.
We all know that the GDP measures economic activity and shows the economic health of a country. There are three versions of US quarterly GDP releases. The advance release tends to be the most important out of them as it is the earliest one. Last time, the GDP growth improved by 3.2%. It supported the USD.
• If the advance GDP growth is higher than the expectations this time, the USD will rise;
• If the advance GDP growth is lower than expectations, the USD will fall.
Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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