US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).
USD: the market awaits US GDP & unemployment claims
The US final GDP and unemployment claims will be published on June 25 at 15:30 MT time.
Instruments to trade: EUR/USD; USD/JPY; GBP/USD; USD/CAD
The gross domestic product is the most significant economic indicator. It reveals the broadest picture of economic activity and financial health. Together with unemployment claims these indicators will help traders to assess current economic conditions and the real state of the US economy. This event will make the market really volatile. In normal conditions the US dollar will gain, if the data comes better than expected. However, now the US dollar is a safe-haven currency and it tends to rise, when the data is dire.
Catch the move and join the market flow to get profit!
The crypto market keeps recovering. Bitcoin has broken above $57,000. The way up to $60,000 is open now!
The US Inflation Rate (CPI) will be announced on Wednesday, October 13, at 15:30 MT (GMT+3). Traders eagerly await this event as it will impact the USD and thus the vast majority of currency pairs in the Forex market.
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.