Mixed US data , buy USD on dips !

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.

Usual Effect: A high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.

Frequency: Released quarterly, about 30 days after the quarter ends.

Last Read :4.6%

Expectations : 3.0%

Actual : 3.5%

Volatility : High Volatility .

Market Impact : a reading between 3.0% : 4.6% , will bring sideways move within support and resistance range with possible to break higher.


 

Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

Usual Effect: A high reading or a better than expected number is seen as negative for the USD, while a low reading is positive.

Frequency: Released weekly every Thursday.

Last Read :284K

Expectations : 283K

Actual : 287K

Volatility : varies from week to week.

Market Impact : a reading above the 284K will bring limited  losses for USD…

Conclusion : the dollar sees  consolidation within support and resistance range , buy the USD on dips !!

MARKET DATA

UPCOMING ECONOMIC EVENTS