Recent indicators about the US economy were not too good. Most recently, durable goods orders for December badly disappointed and included downwards revisions for November. However, the FOMC statement did see a solid economy and even a strong jobs market. No word about falling wages – a figure combining both the Fed’s mandates for jobs and inflation. It is safe to assume that Yellen and her colleagues had the GDP report in front of their eyes. Can we expect a strong GDP report? And together with the headline GDP number, we also get the Employment Cost Index. So, will we see a boost to wages? The Employment Cost Index already showed a pick up in wages in Q3 and contrasted the mediocre Average Hourly Earnings figure in the Non-Farm Payrolls reports. Also other figures showed a more upbeat picture. However, the most watched that is released on the first Friday of the month was bad: a fall of 0.4% in December m/m and a rise of only 1.7% y/y. Instead of an acceleration, we got a deceleration. Will the GDP report show a boost in the ECI that will later be followed by a jump in the Average Hourly Earnings? In this corner of the web, we expect annual pay rises to boost wages, among other figures. Markets expect an annualized GDP rise of 3%, lower than the super strong 5% seen in Q3. The Employment Cost Index carries expectations for a quarterly advance of 0.6%, quite a modest rise. Here is how to trade the US GDP with EUR/USD Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next AUD/USD Continues Its Descent: Levels & Targets – BofA Yohay Elam 8 years Recent indicators about the US economy were not too good. Most recently, durable goods orders for December badly disappointed and included downwards revisions for November. However, the FOMC statement did see a solid economy and even a strong jobs market. No word about falling wages - a figure combining both the Fed's mandates for jobs and inflation. It is safe to assume that Yellen and her colleagues had the GDP report in front of their eyes. Can we expect a strong GDP report? And together with the headline GDP number, we also get the Employment Cost Index. So, will we… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.