The week is set to start with the US Advance GDP on Wednesday at 12:30 GMT. This is the first of three types of US quarterly GDPs. The Advance release reveals the first Gross Domestic Product numbers about a quarter. The following Preliminary and Final GDPs usually reveal slight adjustments. In general, the data will reveal the first impact of the coronavirus on the US economy.
Afterwards, at 18:00 GMT, the Federal Reserve is bound to make a rate statement, which is bound to react to the ongoing economic decline. Take into account that the Federal Reserve Rate announcement and FOMC Statement are set to be followed by a Press Conference at 18:30 GMT.
The FOMC is set to be followed by the European Central Bank on Thursday, at 11:45 GMT. The ECB is set to make a rate publication and release its Monetary Policy Statement.
In addition, note the Canadian GDP and US Unemployment Claims on Thursday at 12:30 GMT. Moreover, the US ISM Manufacturing PMI is scheduled to be published on Friday at 14:00 GMT.
The reactions on the tables are measured in pips by comparing the difference in the exchange rate five minutes before the event and five minutes after the event.
Wednesday, 12:30 GMT
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Wednesday, 18:00 GMT
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Thursday, 11:45 GMT
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Thursday, 12:30 GMT
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Friday, 12:30 GMT
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