The Last Volatile Week of 2022
The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
Will the GDP growth strengthen the EUR?
The Euro Area will publish the GDP growth on Tuesday, at 12:00 MT time.
Instruments to trade: EUR/USD, EUR/JPY, EUR/CHF
This is the leading indicator of the economic activity of a region. As it measures the value of all products and services produced by an economy, it plays a significant role in the assessment of economic activity. A higher GDP indicates good conditions of the economy and increases the investment attractiveness of domestic currency. After the rise of 0.1% in the previous period, analysts expect the GDP growth to fall by -3.8% in the first quarter.
- If the actual level of GDP is higher than the forecasts, the EUR will rise;
- If the actual level of GDP is lower than the forecasts, the EUR will fall.
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