NZDUSD Big Picture
NZDUSD has just broken its trend line resistance level forming from Oct 2014 and this might be interesting if price close above this broken resistance level on Daily bar.
How does GDP affect the stock market?
GDP - Gross Domestic Product Why is it important? Gross domestic product (GDP), is the measure of the value of the goods and services produced by the U.S. economy within a given time period. GDP is one of the most comprehensive and closely watched economic statistics. This is because several government institutions make key decisions concerning the economy using it. The White House and Congress uses the GDP statistics to prepare the Federal budget, the Federal Reserve formulates monetary policy basing on the same. Wall Street and the business community also depend on the GDP to prepare forecasts of economic performance that provide the basis for production, investment, and employment planning. Due to the procyclic nature of the GDP as an indicator, it is the most obvious statistic to look up to when judging the present status of an economy any where in the world. This statistic is also used to determine the poverty index of an area and will thus influence in a great way th...
made approx 100 pips
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