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Business / Finance

US GDP: slow down the pace?

Forex Club 21.12.2018 at 16:19

Today at 13.30 GMT, released final data on US GDP for the third quarter. In the chart below we can see that it was worse than expected and without that not so optimistic. In addition, the trend of recent months is clearly top-down in nature.

Reduced the yield on 10-year US bond (see the figure below), investors do not expect further growth of the US economy at the same rate. Therefore, the interest to the USD is decreasing.

Source: Bloomberg

on Wednesday on a press-conferences the head of the fed j. Powell expressed the forecast slowing of GDP growth. The main message of the monetary authorities of the United States can be summarized in 3 points:

the discount rate increased to 2.5%; Expected 2 increase in 2019 instead of 3 planned earlier; the Target value of the rate reduced from 3% to 2.8% by the end of 2019.

the Most interesting trade in that respect will be U.S. Dollar Index Future (symbol: USDX)

Trading recommendations:

Selling U.S. Dollar Index Future(USDX) with the quote : to 95, 68

to lock in your profits (take-profit): 94.12

the Limitation of loss (stop-loss) : 96,41

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee results.

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