After US GDP 1st Quarter 2022
Real Gross Domestic Product (GDP) decreased at an annual rate of 1.4% this quarter, the previous was 6.9% and forecast was 7%. The decrease in GDP of -1.4% reflected in private inventory investment, exports, FED spending, and local government spending. Because of this, I will be shorting some USD/XXX pairs, starting with USD/ZAR (My previous Idea) .
Also comment what you think
Also comment what you think
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The USD will continue to decline next week, as I expect. The USD will also be impacted by the Fed's interest rate decision and further guidance.
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