Today, the market focus of the publication of US GDP for the fourth quarter of last year. What can we expect from it?
GDP data are among the most important for decision-making on interest rates. Good data will increase the probability of an early increase, as the US dollar again will go to growth. Negative data return value of the dollar to a 5-month lows. And tomorrow the closing of the first quarter can provoke and break through that in the long term will lead to a change in trading ranges in most currency pairs the US dollar. If you try to predict what will come out data, it is worth paying attention to the fact that the data is not the first. They are published three times, reviewed each subsequent month after the end of the quarter, or rather even say translated. So today‘s data will already be final. The previous two publications showed 1.9% of GDP for the fourth quarter, the forecast of 2.2% in February and 2.1% in March. That is forecast for each month is reduced, and the data and go below it. forecast again today lowered to 2.0%, and 0.1%. But if will come again 1.9%, the market will take it as a negative, and the dollar once again to conquer lows. And then you have to choose, for any currency pair with the dollar up to the transaction. Publication 15:30 (GMT).
In currency markets , the calm in the run-up to the publication of data from the US After a quiet week with a minimum of economic statistics, we can…
Being rich in today’s Greece – uncomfortable For the majority of ordinary Greeks any the outcome of negotiations for their suffering the crisis in the…
In MetaTrader Market has 8 different magazines – added to Britain’s Forex Trader Magazine Today at the store MetaTrader Market , a new magazine – British…
- Gbpusd traded above 1 25 mark after release of
- Usdjpy can not determine direction
- Forecast from company ForexMart