EUR/ USD 29TH JAN - 50 pips move - please explain

Beginner Questions
1

Hi guys,

Could you please let me know why the EUR/USD dropped yesterday by about 50 pips in a short duration ? I read it was to do with US GDP release. Is this a scheduled report ?

Could you please explain this.

Thank you

2

https://www.dailyfx.com/calendar

3

Hi element,
All reports are scheduled, you must watch the report and their importance before enter the trade. They are available in Economic calendar on many websites like Economic Calendar - Investing.com.