US Final GDP will impact USD

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

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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