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
Tag - gdp
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.
Who will save the global economy if the main engine of global economic growth, China, is slowing down?
The bad news is that the US economy slowed for the second consecutive quarter in 2022, entering a technical recession.
The drivers, the assets, and the releases you need to focus on this week
US final GDP for 2Q -31.4%% vs -31.7% estimate
The Fed made a dovish statement yesterday. As a result, the US dollar dipped down, while riskier currencies and stocks significantly rose.
The Japanese yen outperformed the US dollar. Here’s fresh trading ideas for the pair.
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.
Let’s look at the factors that move the British pound and what restrictions it can meet on its way.
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…
The monthly GDP growth figures will be released in the UK at 11:30 MT time on October 10.