American Prelim GDP dominates Friday’s news. A whopping fall of 5.4% is expected in the world’s largest economy. Other than that, European Unemployment Rate, and important Canadian data will also be released. At midnight GMT, the GfK Consumer Confidence will be published in Britain. It’s expected to deepen its fall, and stand at -39. In Australia, the Private Sector Credit will be published, and this time it’s expected to rise. All in all, the Australian economy is quite strong. European data will is mostly around CPI data. German Prelim CPI will be published during the day in the different German states. The European CPI is expected to rise by 1.1%. Core CPI is expected to rise by 1.8%. Unemployment Rate in Europe is expected to take one step up, and be at 8.1%, 0.1% higher than last month. In Switzerland, the KOF Economic Barometer will give an indication of the state of the Swiss economy, with Eastern European finances looming over it. At 13:30 the shift moves to other side of the Atlantic: American Prelim GDP is predicted to dive by 5.4%, much worse than -3.8%, in the last time. Contraction in America seems to be at its peak, with more deterioration. The economy is in recession since the end of 2007, and now it’s just accelerating. Alongside the Prelim GDP, Canadian data is due: Canadian Current Account is expected to fall by 5.5 billion. RMPI (Raw Materials Price Index) is also expected to drop by 2.2%. An hour and a quarter later, more important figures are released: Chicago PMI (33) and the Revised UoM Consumer Sentiment which is expected to be stable, at 56 points77. 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 Daily Look share Read Next What to Expect in Forex from GDP Yohay Elam 13 years American Prelim GDP dominates Friday's news. A whopping fall of 5.4% is expected in the world's largest economy. Other than that, European Unemployment Rate, and important Canadian data will also be released. At midnight GMT, the GfK Consumer Confidence will be published in Britain. It's expected to deepen its fall, and stand at -39. In Australia, the Private Sector Credit will be published, and this time it's expected to rise. All in all, the Australian economy is quite strong. European data will is mostly around CPI data. German Prelim CPI will be published during the day in the different… 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.