Bitcoin Rallies Up, USD Takes Breath
The crypto market keeps recovering. Bitcoin has broken above $57,000. The way up to $60,000 is open now!
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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Major Event Alert: Canadian Retail Sales
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
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