Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
US GDP growth: keep an eye on the USD
The United States will publish the level of preliminary GDP growth at 15:30 MT time on November 27. The indicator represents the annualized change in the value of all goods and services produced by the economy. Traders pay attention to the preliminary release, as it gives a preview into the economic activity of a country. If the economic conditions are good, the Federal Reserve will consider applying changes to the current interest rate to the upside. According to the forecasts, the preliminary GDP growth will advance by 1.9%.
• If the actual level is higher than the forecasts, the USD will rise.
• If the actual level is lower than the forecasts, the USD will fall.
Similar
Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
The Fed won't miss these releases!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Latest news
Inflation Is in Focus Again
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Fed’s Rate Pause and UK Inflation Slows
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
GBPUSD May Strengthen Resulting the Fed and The BOE Meetings
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
