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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.