
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
It's not a secret that GDP represents an important indicator that demonstrates the economic activity of a country. Thus, the fall of 5% announced during the previous release indicated the weakening US economy. The reasons behind that plunge were, of course, connected with Covid-19, shutdowns, and uncertain economic outlook. Since then, the situation has got better with restoring business activity and employment. However, the outlook is still uncertain and the coronavirus cases in the US keep rising. Will we see the advance GDP growth rate for the previous quarter going down or stabilizing?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!