Revisions of GDP in both the US and the UK are the main events today, and will provide a strong end to a very volatile week. Let’s see what’s awaiting us today. In Britain, GfK Consumer Confidence scored -28 points, slightly below expectations for a print of -27 points. MPC member Adam Posen, who is a dove, will speak soon. Later in Britain, we’ll get the second release of GDP. It will probably confirm the contraction of 0.5% reported in the initial release. Also in Britain, preliminary business investment is likely to drop by 0.3%. For more on the pound, see the GBP/USD forecast. Throughout the day, Germany’s states will release their consumer prices indices. The overall number is likely to show a rise of 0.5%. This is the preliminary release. In France, Consumer Spending is expected to drop by 0.7%. Later in Europe, the M3 Money Supply is predicted to rise by 2.1%, stronger than last month. For technical levels on the euro, see the EUR/USD forecast. In Switzerland, the KOF Economic Barometer is expected to tick down from 2.10 to 2.08. This might temporarily stop the free fall of USD/CHF. In the US, the main event is the second release of GDP for Q4. Economists expect an upwards revision from 3.2% to 3.3%, as economic indicators came out better than expected. Also in the US, the revised version of consumer sentiment from the University of Michigan is expected to be positive, with an improved 75.5 points instead of 75.1. Closing the day, FOMC member Janet Yellen will speak. That’s it! Have a great weekend and happy forex trading. Anat Dror Anat Dror Anat Dror Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. I've also worked as a community organizer Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next Forex Factory Trade Explorer – Powerful Trading Tool Yohay Elam 12 years Revisions of GDP in both the US and the UK are the main events today, and will provide a strong end to a very volatile week. Let's see what's awaiting us today. In Britain, GfK Consumer Confidence scored -28 points, slightly below expectations for a print of -27 points. MPC member Adam Posen, who is a dove, will speak soon. Later in Britain, we'll get the second release of GDP. It will probably confirm the contraction of 0.5% reported in the initial release. Also in Britain, preliminary business investment is likely to drop by 0.3%. For more on the pound,… 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.
