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FOREX MORNING REPORT: GDP DATA IN THE U.S, CANADA AND THE UK FOCUS TODAY

In today’s session will focus on gross domestic product in the US and Canada, are expected to increase to 4.3% compared to 3.9% for the previous reporting period of threemonthly basis in the US and in Canada to decline to 0.1% compared to 0.4% for monthly basis.

European trading session started with important data from France at 09:45, when we see the results of consumer spending, which estimated that product to grow by 0.3% compared to 0.9% for the previous month, and gross domestic product, which is expected to remain at the level of the previous quarter 0.3% at 11:00 expected data on retail sales in Italy, which change from previous levels -0.1% for the month and 0.5% on an annual basis are not expected. If forecasts justify possible to see appreciation of the Euro.

At 11:30 we expect important data from the UK, where no changes are expected in terms of its gross domestic product predohdnite data showed results of 0.7% for 3-month and 3.0% on an annual basis. At the same time pay attention to the results of business investment, which is expected to increase to 0.7% compared to -0.7% for the quarter and 7.0% compared to 6.3% on an annual basis. Better data will likely support pounds.

US session today will begin at 15:30 with data on orders of durable goods. Forecast to increase from last month to 1.1% compared to -1.1% .Po same time, investors will focus on data on gross domestic product is expected to povienie from 4.3% to 3.9% on a quarterly basis. Perhaps we will see the strengthening of volatility, and if the forecasts come true we may see an increase in the dollar.

In Canada, at the same time also be expected GDP data, estimates here are for a decrease to 0.1% versus 0.4%, which is likely to weaken the Canadian dollar.

At 16:55 will come out and the results of Michigan consumer expectations. Forecast to decrease from the previous period from 86.1 to 84.0 puntka. At 17:00 is expected data on sales of new homes that analysts’ expectations are to maintain levels of 0.7% and 458K With better data are likely appreciation of the dollar. Expected increased volatility.

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