Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
Will the US economy help the greenback?
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?
- If the indicator is higher than the forecasts, the USD will rise;
- If the indicator is lower than the forecasts, the USD will fall.
Similar
The Fed won't miss these releases!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
How to trade the JPY?
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Latest news
The Most Important News For Today
News is always important part of the market. What do we expect today?
Forex Market Nnews
What a day was yesterday! Let’s jump right in!
The Most Important News For Today
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
