Don’t waste your time – keep track of how NFP affects the US dollar!

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US Economy is on the Shaky Grounds

US Economy is on the Shaky Grounds

Updated

What will happen?

The United States will publish the Advance GDP on January 27, at 15:30 GMT+2. This is an annualized change in the inflation-adjusted value of all goods and services produced in the economy.

Why is it important?

It's not a secret that GDP is one of the most important measures of a country's economic activity. Being calculated as a change in the value of all goods and services produced by the economy, it serves as an indicator of economic health. The US economy grew by an annualized 2.3% in Q3 2021. However, the initial data that was published on October 28 showed an increase only by 2% (vs. the forecast of 2.6%). As a result, the US dollar fell.

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How to trade on the US Advance GDP?

Compare the actual figures with the forecasts in the economic calendar.

  • If the actual figures are higher than the forecast, the USD will strengthen;
  • If the actual figures are lower than the forecast, the USD will weaken.

Check the economic calendar

Instruments to trade: EUR/USD, GBP/USD, USD/JPY

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