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EUR/USD: Trading the Preliminary US GDP
US Preliminary GDP (also referred to as Second Release GDP) measures the growth of the economy. Analysts consider GDP one the most important indicators so the Preliminary GDP report can have a significant impact on the movement of EUR/USD. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Friday at 13:30 GMT. Indicator Background GDP is one of the most important economic indicators and traders should treat it as a market-mover. In January, Advanced GDP posted a gain of 2.6%, short of the estimate of 3.0%. The ... (full story)
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