02 Oct US Economy Growth Main Event of the Day
Traders and investors will closely monitor the publication of data reflecting the growth rate of US GDP in the second quarter of 2019.
The important thing is that the expected data will be the final report reflecting the growth rate of the American economy.
The market expects US GDP to grow by no more than 2.0%, remaining unchanged from the previous reporting period.
The news is important in that the GDP growth rate is one of the key values for the Fed when making decisions on changing monetary policy.
The price of Brent crude oil continues to decline in the direction of the support level of 61.50.
In case of failure at a repeated attempt to break through the support level of 61.50, the price of quotations may return to the resistance of 68.13.
The euro against the US dollar fell significantly, breaking the key support level of 1.0966, amid the strengthening of the US currency.
EUR/USD quotes are testing resistance at 1.0966, trying to strengthen the downward trading momentum.
Important: this review is not a recommendation or a direct or indirect call to action, being for informational purposes only.