What to Trade on August 22–26?
How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
US Final GDP will impact USD
What will happen?
The final US GDP will be out at 14:30 MT on March 25. The GDP growth is one of the most important economic indicators for any country and especially for the US. Therefore, traders pay a lot of attention to it. There are 3 versions of GDP released a month apart - Advance, Preliminary, and Final. This report is the third and the last one. The Preliminary report revealed the economic expansion of 4.1% in Q4 2020, slightly higher than the Advance one, which was 4%. In comparison with the 33.4% growth in the third quarter, the Q4 data, of course, wasn’t so encouraging. The continued increase in Covid-19 cases and social distancing restrictions pressed down consumer spending.
How to trade on US Final GDP?
Nothing is easier! Open our economic calendar at 14:30 MT on Thursday and follow the rule below.
- If the GDP growth is greater than the forecast, the USD will rise;
- Otherwise – fall.
Instruments to trade: EUR/USD, GBP/USD, AUD/USD, USD/CAD
Similar
What will move the market on February 14-18?
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
First NFP in 2022 Can Rock the Markets
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
Latest news
Post-Fed Releases for USD & CAD Traders
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
FED and BOE Make Another Attempt to Beat Inflation
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.
Will the UK and US Cope with Inflation?
Every week we expect many interesting events that can shake the market.
