US data focus for Monday - Q1 advance GDP - the range of expectations to watch (and why)
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On Thursday at 1230 GMT, the advance reading for economic growth in the US for the Q1 will be released. The range of expectations is 1.0% to 3.1% y/y, with a consensus of 2.5%. Goldman Sachs is expecting a Q1 GDP number of 3.1%. Knowledge of these ranges is important for traders as data results that fall outside of market low and high expectations tend to move markets more significantly. This can lead to rapid revaluation of assets, psychological impact, risk reassessment, triggering of automated trading, impact on monetary and fiscal policies, liquidity and market depth, and chain reactions and correlations.

#UsData #Q1AdvanceGdp #Expectations #Traders #MarketImpact

https://www.forexlive.com/centralbank/us-data-focus-for-monday-q1-advance-gdp-the-range-of-expectations-to-watch-and-why-20240424/