London (PRWEB UK) 26 June 2013
On 26th June US GDP for Q1 will be announced, revealing the final revisions of previous releases and a final accurate reflection of economic growth data for this period.
Vantage FX, Head of Market Analysis Jay Mawji commented:
“US data inevitably leads to a conversation on when the FED will pull back on stimulus. Could it be the end of the year; could it be sooner? With the Jobs market and other economic indicators moving, a positive US GDP figure is likely to seal the deal to slow down stimulus. However, a positive US GDP figure isn't as certain as it seems… The FED probably know that already!”
After the strength USD showed last year, this year it appears to have lost the infallible sheen it once had. It is expected that these figures will confirm a widely expected downward adjustment which may result in the USD having to give back more ground.
If there is a downward adjustment, it will be negative for the US Dollar (USD) and unfortunately also for the Sterling (GBP), which is more fragile having just recovered from recession.
For forex traders, this announcement could have major implications for their activity. One increasingly useful way of gauging sentiment around what will happen is through the use of social media and in particular services set up specifically for FX traders.
Vantage FX is an official registered partner of FX Copy. Traders can use this by signing in with their MT4 account and connect with other traders to share activity, compare forex spreads and to gauge sentiment around the major issues.
About Vantage FX
Vantage FX is an internationally recognised Forex broker based in the City of London, providing foreign exchange trading services to clients in the UK, the EU and the rest of the world.
What sets forex brokers Vantage FX apart is their wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors as well as offering handy tools such as a forex market calendar.