What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
Will the quarterly US GDP impress the market?
What will happen?
US Advance quarterly GDP is announced on April 29 at 15:30 MT time.
Gross Domestic Product is the primary indicator of economic expansion. If it is steadily increasing, it confirms that the economic dynamics in the country are healthy and that the industry and services are adding momentum to produce more goods and services. Consequently, it translates into more labor force, higher financial circulation, and stronger demand for the national currency: inside and outside the country.
How to trade the quarterly GDP?
If the quarterly GDP is greater than the forecasts and shows expansion dynamics, observers may take that as an encouragement to go risk-on in their short-term and mid-term operations – that would eventually push the US dollar. Otherwise, the national currency may become weaker.
- If the quarterly GDP is greater than expected, the US may rise;
- Otherwise, the USD may drop.
Instruments to trade: USD/JPY, EUR/USD, GBP/USD, AUD/USD
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.