US, Preliminary GDP is expected to rise, Federal Reserve Bank of St Louis President James Bullard delivers a speech in Stockholm and US Unemployment Claims are likely to drop this week. With this we open today’s review. In the US, Preliminary GDP relates to goods and services produced by the economy, is expected to go up by 0.3% compared to 3.2% in the previous quarter, while Prelim GDP Price Index for goods and services included in GDP is foreseen to remain 0.9% as in the previous quarter. Later in the US, Federal Reserve Bank of St Louis President James Bullard delivers a speech titled “Policy Challenges for Central Banks in the aftermath of the Crisis” at the SwedBank “Economic Policy in Aftermath of the Crisis” conference, in Stockholm. Expected to affect interest rates and provide hints on future monetary policy. More in the US, Unemployment Claims released weekly, are expected to drop to 446K following last week’s rise of 471K which is a hopeful sign for the market activity. Finally in the US, Natural Gas Storage is expected to rise this week from 71B to 101B. In Canada, Corporate Profits, released quarterly are expected to follow April’s rise of 7.9%. For more on USD/CAD, read the Canadian dollar forecast. In Europe, German Preliminary Consumer Price Index is expecting to rise by 0.1% after the unexpected drop of -0.1% in April. For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis. In Great Britain, Nationwide House Prices measuring the change in the selling price of homes with mortgages backed by Nationwide is about to drop from 1.0% to 0.5% which affects the housing industry. More in Great Britain, CBI Realized Sales is expected to remain 13 points. Later in Great Britain, GfK Consumer Confidence is expecting a 1 point rise from -16 to -15 points although it still requires improvement. Read more about the Pound in the GBP/USD forecast. In Switzerland, Employment Level is expected to rise by 10K this quarter to reach employment of 3.97M which is a good for the Swiss market. In Australia, CB Leading Index measuring the change in the level of a composite index based on 7 economic indicators is likely to remain -0.3% this month as well. More in Australia, Private Capital Expenditure is expected to drop from 5.5% to 2.6% this month indicating slow market activity. For more on the Aussie, read the AUD/USD forecast. In New Zeeland, Building Consents released monthly, are anticipating an additional decrease of -0.4% this month. In Japan, Household Spending is anticipating 1.9% cutoff following last month’s rise of 4.4%. More in Japan, Tokyo Core CPI is expected to improve this month by 0.4% from -1.9% to -1.5% while the National Core CPI is expecting a drop of -1.3%, 0.1% more than in April badly affects the JPY. Finally in Japan, Retail Sales are also expecting a fall of 1% from 4.7% to 3.7% this month and Unemployment Rate is foreseen to remain 5.0% as in April. That’s it for today. Happy forex trading! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Daily Look share Read Next Dollar Rides on Bad US Figures Yohay Elam 11 years US, Preliminary GDP is expected to rise, Federal Reserve Bank of St Louis President James Bullard delivers a speech in Stockholm and US Unemployment Claims are likely to drop this week. With this we open today's review. In the US, Preliminary GDP relates to goods and services produced by the economy, is expected to go up by 0.3% compared to 3.2% in the previous quarter, while Prelim GDP Price Index for goods and services included in GDP is foreseen to remain 0.9% as in the previous quarter. Later in the US, Federal Reserve Bank of St Louis President James Bullard… Top 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.
