Strong Dollar paves way for US Q1 GDP print   


26 April 2019 ( Lagos ) :All eyes will be on the US GDP data release for Q1, scheduled to be announced later on Friday. Investors need to monitor this data for guidance on whether the Dollar Index will find inspiration for further fuel to add to a rally that is close to 0.8% for the week.

Markets are expecting a 2.3% GDP print, which is 0.1 percent higher than the previous quarter, suggesting that US economic growth momentum remains very much intact. The GDP release will set the stage for the upcoming Fed decision next week,  whereby investors will try to anticipate how the world’s most important central bank will react to the string of resilient economic indicators that have been pumped out by the US economy as of late, even as the Fed Funds Futures rate points to a 61 percent chance of an interest rate cut by December.


Source : Lukman Otunuga, FXTM Research Analyst


Reporting for EasyKobo on Thursday , 26 April 2019 in Lagos, Nigeria


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