🔔 On Thursday, May 29 at 12:30 pm UTC, the US will release its gross domestic product (GDP) data for Q1. This indicator is a key measure of a country’s economic health.
GDP volume:
Forecasted: 0.2%
Previous: -0.3%
Analysts expect a decrease in GDP, which suggests a possible weakening of the US dollar.
💡 The release will introduce volatility to the market, creating sharp movements.
How the market could respond:
🔼 If the data is above -0.3%, EUR/USD may fall.
🔽 If the data is below -0.3%, EUR/USD may rise.
💡 Last time, on April 30, EUR/USD reacted by falling within minutes of the data release.
📌 How to trade on the pair on Olymptrade:
- On the release day, go to FT mode.
- Select EUR/USD.
- Set your trade amount and duration (3 to 5 minutes).
- Plan your trade using a pending order.
- Make your forecast!
📌 Link to register 👉
https://olymp.gl/BuOqg
✨
@olympsignalman