Forex 26 / 06: U.S. quarterly GDP ( final)

This morning one of the few notable announcements will be a British news, Governor Mervyn King of the Bank of England will hold a press conference at which he would discuss the financial stability report of the central bank.

The speeches are part of important announcements for currency traders and usually attract a lot of attention, this is due to the important role that international central banks (BoE, ECB, FED, ....) take they are actors
keys in the global economic system.

Mark Carney will succeed the current governor Mervyn King at the beginning of next week, the last speech of Governor King could then be symbolic and have a slightly greater impact than his previous speeches.

The attention of market participants who yesterday was focused mainly to the United States should still remain this afternoon, although we have less data yesterday the final release of U.S. gross domestic product (GDP) should be closely
observed.

The growth figure is expected to remain at 2.4% for the first quarter of 2013 but traders may seek an even better performance in this case could result in a greater impact on American currency pairs and indices.


Finally one of the other ads that appeal to commodity traders is the U.S. oil inventory.

Oil or Oil is an asset that is responsive enough to the release of the statistics on the fundamental analysis strongly influences the chart of this instrument which is why we advise traders to look at those numbers are today '
Today expected to decrease.

In fact a few days ago we spotted an investment opportunity in the oil compared to the current situation in Kurdistan.

The only limit for traders who want to work this asset is only a few forex brokers include it in their assets, this is the case eToro or FxPro example.