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  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here: https://t.co/nAa0fHq4Np https://t.co/mf9rsmIvaW
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  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sr63f https://t.co/raO3gCGqQ6
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  • The update to the US Consumer Price Index (CPI) is likely to sway the US Dollar during the Federal Reserve’s blackout period as the central bank braces for a transitory rise in inflation. Get your weekly $USD forecast from @DavidJSong here: https://t.co/JTuP7CLlyi https://t.co/tOvqn3Gdpc
Forex Strategy Video: What to Expect from the Dollar on US GDP, FOMC

Forex Strategy Video: What to Expect from the Dollar on US GDP, FOMC

John Kicklighter, Chief Strategist

Talking Points:

• Amid a storm of event risk, the US 1Q GDP release (12:30 GMT) and FOMC decision (18:00) stand out

• This duo can substantially alter bearings on rate expectations for the dollar or risk trends for S&P 500

• Yet, the Pound's lack of response to the UK GDP release may signal market conditions are an obstacle

Watch both the US GDP release and FOMC rate decision live in the DailyFX Live Trading Room. Sign up for email reminders for the live events.

In a day that will be oversaturated for event risk, the ultimate catalysts for the FX and capital markets is likely to be the US 1Q GDP release and FOMC rate decision. These particular items are exceptionally important for setting market expectations for risk trends and Fed rate forecasts, but they are also the last major releases for the Wednesday trading session. Fear of volatility on the back of this ground swell could delay the response to earlier events - like the BoJ decision, Spain GDP and Eurozone CPI. In today's Strategy Video, we discuss what to expect from the event risk, the trading opportunities and what the GBPUSD may tell us about backdrop market conditions.

Sign up for John’s email distribution list, here.

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