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The United States will publish the level of quarterly advance GDP growth on April 26, at 15:30 MT time.
The GDP growth shows the annualized change in the value of all goods and services. We pay attention to its advance release as it is the earliest data, which tends to have the biggest impact. Last time the indicator increased by 2.2%. The actual figures were higher than the expectations. As a result, the greenback got positive momentum. If the situation repeats itself this time, the USD may rise again.
• If the actual level of the indicator is higher than expected, the USD will go up;
• If the actual level of the indicator is lower than expected, the USD will go down.
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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