Gross Domestic Product (GDP)
Gross Domestic Product (GDP)
It is the sum total of all goods and services produced by all companies in a country (national and foreign). This index is the main indicator of the condition of the national economy and it influences the Forex market to a considerable degree. In fact, the growth of a GDP index means that country's economy grows too. The Trading signal is a change in the index of 0,4%.
Usually there are three GDP values published: GDP advance which is released on the 20-ties of every quarter at 08:30 a.m. EST (New York), GDP provisional or GDP revised, which is published a month after advance GDP also at 08:30 a.m. EST (New York). Then one more month later at the same time the GDP final is released which is only usually slightly different from the previous one.
