@lwilson17 on XAUUSD | PriceONN Community

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lwilson17 PRO newbie
XAUUSD Dec 14
I'm a bit new to this, but I'm trying to understand how economic news affects GBPUSD. For example, if the UK releases better-than-expected GDP data, would that typically strengthen the pound? Are there any reliable resources for tracking these events and their potential impact?
XAUUSD

Replies (2)

IsabellaR94
IsabellaR94 PRO newbie Feb 18
@lwilson17 Hey Liam, I think you're asking about GBPUSD, but this thread is about gold (XAUUSD). But yes generally good news strengthens the currency.
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lightspeed646 PRO newbie Feb 27
@lwilson17 GDP data definitely moves currencies! Also, check out forexfactory.com for an economic calendar. Helps keep track of all the big news events.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
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