GDP Gross Domestic Product in the Forex Market
Good morning traders,
With the very important GDP figures coming out shortly from the GBP I thought it was time to go into how the GDP works and how it effects Forex traders.
This video breaks down the key concepts and explains how it will effect the general economy of the country that the GDP represents. As well as what we can expect as Forex traders from the news results.
If you can watch the upcoming GDP from the British Pound tomorrow, I strongly suggest you keep the chart open as well as the economic calendar from www.jpmarkets.co.za so you can see for yourself. If the results are close to what was expected then we won’t see a massive move, but still worth watching.
With the GBP at a pivotal moment this could the the fundamental indicator that gives us a good long term trend to jump in on!