As we look at the GBP q/q GDP, with an expectation for performance to hold the same (at 0.4%). This may represent a trend following buying opportunity for the GBPUSD, especially if the GBPUSD holds above 1.42.
In the evening, we have US q/q GDP, expecting a data slightly worse than previous. This will be a data release I’ll be avoiding, due to 3 reasons, A Friday evening, timing of the release, and with WEF in Davos happening over the weekend. While Davos is unlikely to have policy implications, political jawboning could increase volatility in the currency pairs.
In the evening, we have US q/q GDP, expecting a data slightly worse than previous. This will be a data release I’ll be avoiding, due to 3 reasons, A Friday evening, timing of the release, and with WEF in Davos happening over the weekend. While Davos is unlikely to have policy implications, political jawboning could increase volatility in the currency pairs.
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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.
Join my mailing list jindaotai.com/joinme
Disclaimer
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.