Forecast for Q1'17 - levels for Dollar Index - page 4

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Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2017.03.25 12:22

Weekly Fundamental Forecast for Dollar Index (based on the article)



Dollar Index - "On the data front, the third revision of fourth-quarter GDP figures is expected to show a narrow upgrade while the Fed’s favored PCE inflation gauge is expected to leave core price growth at 1.7 percent in February, unchanged from the prior month. Absent dramatic surprises to the upside, such outcomes are unlikely to generate a strong response from price action."


 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2017.03.30 16:18

Intra-Day Fundamentals - EUR/USD, GBP/USD and Dollar Index: U.S. Gross Domestic Product

2017-03-30 13:30 GMT | [USD - GDP]

  • past data is 1.9%
  • forecast data is 2.0%
  • actual data is 2.1% according to the latest press release

if actual > forecast (or previous one) = good for currency (for USD in our case)

[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy.

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From official report:

  • "Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2016, according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter of 2016, real GDP increased 3.5 percent."
  • "The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the increase in real GDP was 1.9 percent."

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Dollar Index M5: range price movement by U.S. Gross Domestic Product news events


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EUR/USD M5: 18 pips range price movement by U.S. Gross Domestic Product news events


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GBP/USD M5: range price movement by U.S. Gross Domestic Product news events



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