US Advanced GDP on Tap
October 29th, 2009 Posted in Daily Forex News
The JPY traded near its highest level in two weeks against the EUR amid signs the global economic recovery is losing steam, dampening demand for higher-yielding assets.
The price of Crude Oil fell $2 to below $78 a barrel yesterday, extending hefty losses from the previous session as economic concerns sent investors into safe-haven investmenets. Today, Crude Oil is set to be in the spotlight again with important publications coming from the U.S.
9:30 GMT: GBP – Net Lending to Individuals
- Change in the total value of new credit issued to consumers.
- Very positive results will create a bullish environment for the Pound.
12:30 GMT: USD – U.S. Advance GDP
- Annualized change in the inflation-adjusted value of all goods and services produced by the economy.
- The release of the survey typically creates a volatile trading environment, affecting not only the USD pairs but also the value of Crude Oil and Gold.
Start trading with Anton Eljwizat now:
Tags: advance GDP, credit, dollar, Forex, forex analysis, forex blog, forex market, forex review, Forex Trading, GDP, greenback, Gross Domestic Product, lending, Net Lending to Individuals, USD
