FXStreet (Guatemala) - Investec treasury desk explained that this week the market focus is firmly on US Q2 GDP.



Key Quotes:



“After such a poor, weather affected reading of -2.9% in Q1, expectations are for a strong bounce back of +3.0%. Could this be the start of the long awaited USD fight back?”



“After the GDP data we have the FOMC rate decision from the US (another $10bn tapering in QE is expected here) and then attention will turn to Non-Farm Payrolls on Friday with a bumper 200k+ jobs expected to be added to the US economy this month”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    US Dollar Breakout Velocity Rests with Fed’s Liftoff Outlook after NFPs

  2. Forex News

    Metals & Petroleum products: CFTC Commitment of Traders Report - TDS

  3. Forex News

    EUR/USD survived the drop, US Payrolls on sight

  4. Forex News

    FX space for May break down - Scotiabank

  5. Forex News

    EUR/USD Retail FX Crowd Remains Net-Short Ahead of ECB June Meeting

Trading Center