The US Gross Domestic Product (GDP) is a key economic indicator that can affect price action across most major assets. This volatility may offer trading opportunities, but can also increase risk exposure and lead to greater losses.
The US GDP figures are set to be released soon. Keep track of all high-impact events and data releases on the Economic Calendar.
What to expect from this month's US GDP
Here are a few things to consider when trading this month's US GDP:
Advanced GDP estimates for the first quarter are expected to show an increase of 2%
USA growth outlook has improved significantly with no signs of recession on the horizon
Recent NFP, inflation beats suggest positive GDP surprise is likely
Low GDP could drive high volatility, signaling potential Fed rate cuts
M15's ATR for gold peaked around 4.80 USD after last month's final Q4 GDP report and volatility is expected following the upcoming release of the advanced estimate
Get ready for the upcoming GDP release by funding your account.
What is the GDP?
The GDP represents the total dollar value of all goods and services produced in a country over a specific time period.
GDP figures provide insights into a nation's economic health and can also influence monetary policy. This is why it's labeled as a high-impact event on the economic calendar.
Assets affected by the US GDP
A stronger-than-expected US GDP reading suggests the USD may strengthen against other instruments and vice versa. As such, the upcoming release can impact most major assets including XAUUSD, GBPUSD, EURUSD, and USDJPY.
Trading during major economic events can be risky due to increased market volatility. This may result in wider spread and slippage. Be cautious, adjust your strategy, and monitor your positions closely.
Happy trading, The Exness Team
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