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US GDP Data

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This should be interesting, today at 1:30 US Final GDP q/q (Final = x 4 so Annualized). Forecast is for 3.5%, not bad in anyone's money, but the actual figure if way out can really move the markets (both indices and fx).

Also released at the same time is US core durable goods m/m expected to be 0.3%.

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@Caseynotes, it is actually very impressive. If you look at the last quarter then the US's GDP was the highest in any of the G20 countries.

'Fronter Market' countries have higher GDP but their economic conditions are different to G20 counties. 

I agree that if the data is way out from the predictions/assumptions being made then it could have a major impact on both indices and fx.

I recently opened a short positing on US 500. Now if the actual is higher than the forecast then it could present a major risk to my short trade.

We will know more between 2:00 pm to 3:00 pm UK time.

 

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