Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
More View more
Real Time News
  • White House Economic Advisor Larry Kudlow: -Data suggests economy only needs 'targeted money' -Thinks economy is entering a 'self-sustaining recovery' -Trump 'completely opposes' bailing out states $USD $TNX $SPX
  • FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Jul 20, 2020 when FTSE 100 traded near 6,264.90. A contrarian view of crowd sentiment points to FTSE 100 strength. https://www.dailyfx.com/sentiment https://t.co/iX4wB4HOah
  • Fed's Rosengren says the #Fed has been clear that negative interest rates are unlikely to be used
  • Back from vacation and back on schedule Going live for today's stock market webinar in 10 minutes - https://t.co/rmwDABTiN2 https://t.co/oC3Igu2muT
  • I've seen three more headlines today suggesting that there is significant money still on the sidelined despite the climb in markets. Is the assumption that some small tech milestone or new headline would excite investors to pay record amounts to get into a stretched market?
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.57% 🇪🇺EUR: 0.41% 🇨🇦CAD: 0.40% 🇳🇿NZD: 0.14% 🇬🇧GBP: -0.16% 🇯🇵JPY: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3mZjwCXcwc
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 2.39% France 40: 1.37% US 500: 1.29% Germany 30: 1.14% Wall Street: 0.97% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/3rljxp4YdZ
  • Heads Up:🇺🇸 Fed Kaplan Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-12
  • Poll: What do you think set off Gold's sharp tumble yesterday - its largest single-day plunge since the April 2013 crash? Answering this question for yourself can help you decide whether this is a temporary waver or the impetus for a new trend.
Forex: EURUSD - Trading the Advance 4Q U.S. GDP Report

Forex: EURUSD - Trading the Advance 4Q U.S. GDP Report

2013-01-29 05:00:00
David Song, Strategist

Trading the News: U.S. Gross Domestic Product

What’s Expected:

Time of release: 01/30/2013 13:30 GMT, 8:30 EST

Primary Pair Impact: EURUSD

Expected: 1.1%

Previous: 3.1%

DailyFX Forecast: 1.0% to 1.5%

Why Is This Event Important:

The advanced GDP report is expected to show the world’s largest economy expanding at an annual rate of 1.1% in the fourth-quarter, and the slower rate of growth may dampen the appeal of the U.S. dollar as it fuels bets for additional monetary support. However, as a growing number of Fed officials highlight a more broad-based recovery, a positive development may spark a short-term rally in the reserve currency, and we may see the central bank scale back its willingness to expand the balance sheet further as the outlook for growth and inflation picks up.

Recent Economic Developments

The Upside




Durable Goods Orders (DEC)



Housing Starts (MoM) (DEC)



Advance Retail Sales (DEC)



The Downside




Kansas City Fed Manufacturing Activity Index (JAN)



Richmond Fed Manufacturing Index (JAN)



Empire Manufacturing Index (JAN)



The resilience in private sector consumption along with the budding recovery in the housing market may prompt a stronger-than-expected GDP, and we may see the FOMC conclude its easing cycle later this year as economic activity gradually gathers pace. However, the slowdown in business outputs may drag on the growth rate, and we may see Fed Chairman Ben Bernanke keep the door open to expand monetary policy further as the outlook for inflation remains broadly balanced.

Potential Price Targets For The Release

Forex_EURUSD-_Trading_the_Advance_4Q_U.S._GDP_Report_body_ScreenShot199.png, Forex: EURUSD - Trading the Advance 4Q U.S. GDP Report

Although we’re seeing the EURUSD preserve the upward trend carried over from the previous year, the relative strength index is coming up against trendline resistance, and the bearish divergence in the oscillator may continue to take shape as the pair struggles to clear the 50.0% Fibonacci retracement from the 2009 high to the 2010 low around 1.3500. In turn, the 4Q GDP report may serve as the fundamental catalyst to generate a clearer directional bias for the near-term, but the market reaction may be short-lived as currency traders turn their attention to the FOMC interest rate decision.

How To Trade This Event Risk

Despite forecasts for a slower rate of growth, a positive development may pave the way for a long U.S. dollar trade as the data dampens bets for more quantitative easing. Therefore, if the growth rate expands 1.1% or greater, we will need to see a red, five-minute candle following the release to establish a short trade on two-lots of EURUSD. Once these conditions are fulfilled, we will set the initial stop at the nearby swing low or a reasonable distance from the entry, and this risk will generate our first target. The second objective will be based on discretion, and we will move the stop on the second lot to cost once the first trade hits its mark in an effort to lock-in our gains.

In contrast, the ongoing slack in the labor market along with the slowdown in business outputs may drag on the economy, and a dismal growth report may spark a bearish reaction in the USD as it fuels speculation for additional monetary support. As a result, if GDP fails to meet or exceed market expectations, we will implement the same strategy for a long euro-dollar as the short position laid out above, just in reverse.

Impact that U.S. GDP report has had on USD during the last quarter


Data Released



Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)

3Q A 2012

10/26/2012 12:30 GMT





3Q 2012 Advanced U.S. GDP

Forex_EURUSD-_Trading_the_Advance_4Q_U.S._GDP_Report_body_ScreenShot197.png, Forex: EURUSD - Trading the Advance 4Q U.S. GDP Report

Economic activity in the U.S. increased an annualized 2.0% after growing 1.3% during the three-months through June, while personal consumption climbed 2.0% during the same period amid forecasts for a 2.1% print. Despite the better-than-expected GDP print, the development pushed the EURUSD back above the 1.2900 figure as market participants increased their appetite for risk.

--- Written by David Song, Currency Analyst

To contact David, e-mail dsong@dailyfx.com.

Follow me on Twitter at @DavidJSong

To be added to David's e-mail distribution list, please follow this link.

New to FX? Watch this Video

Questions? Comments? Join us in the DailyFX Forum

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.