Tag - gdp

XAUUSD: Traders Await Breakout
XAUUSD: Traders Await Breakout

Gold prices, currently near $2,030, saw a modest decrease of 1% over the past week and a 2% dip since the start of 2024. Meanwhile, silver surpassed $22 per ounce, experiencing a 4% drop in the week and a 6.5% decline in the year so far. Upcoming scrutiny of economic data, particularly the Q4 US GDP report

GBP Might Strengthen as GDP Posts Positive
GBP Might Strengthen as GDP Posts Positive

On Friday 10th February 2023, the Office for National Statistics published the figures for the Gross Domestic Product (GDP) as 0.1% which turned out greater than the initial forecast of -0.2%. As a result of the positive outlook of this report, we need to examine the short-term impact on GBP pairs from a technical point of view.

August 28: dovish Fed statement
August 28: dovish Fed statement

The Fed made a dovish statement yesterday. As a result, the US dollar dipped down, while riskier currencies and stocks significantly rose.

July 14: risk-off is back
July 14: risk-off is back

The market sentiment deteriorated amid fresh US-China tensions. Also, investors remain cautious as increasing virus cases may damage economic activity again. Stocks and risky currencies dropped, as well as gold. These days the yellow metal tends to move together with risk assets.

GBP: under pressure
GBP: under pressure

Let’s look at the factors that move the British pound and what restrictions it can meet on its way.

Webinar: WEEKLY MARKET OUTLOOK, October 22-26
Webinar: WEEKLY MARKET OUTLOOK, October 22-26

Do you want to get clues on the upcoming economic events? Do you want to know what market moves to expect? FBS analyst Darya Bobrova will go through this week’s economic calendar and explain technical setups for EUR/USD, GBP/USD, USD/JPY, and other key…

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

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