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Final US GDP q/q Is Expected To Be Good For US Dollar

News Date: 26/9/2014 00:08:27
 

The inflation-adjust value of all goods and services produced by the economy  is expected today to increase from 4.2% to 4.6% and the Dollar after yesterday rest is ready to continue showing strength against Gold and majors.

In case the number came in green than USD might retest all yesterday supports on EURUSD and GBPUSD, also currencies of the far-east AUDUSD, NZDUSD already on the time of writing this report are testing already yesterday support and USDJPY is trying to recover from yesterday fall to jump again above 109.

Gold did bounce yesterday after touching 1206 support and currently at 1224, in case Dollar got a good number today Gold might retest 1206 and might be followed by 1200. On the other hand in case the number came in red Dollar might weakened on all majors and on Gold Chart.

Provided by FxHighWay 

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