On Tuesday, the main suppliers of important macroeconomic statistics are going to be the UK and the US. At 11:30 am (all times stated in GMT +2), the GDP data for the third quarter is going to be published in the UK. The figure is expected to fall to 0.6% from the previous 0.7%. The GDP is important indicator of the general state of the economy that represents the value of all goods and services created in the country during a certain period. A growth in the index will strengthen the GBP, while its decline will weaken the currency. September data on Durable Goods Orders is due at 2:30 pm from the US. The figure is expected to increase from -2.3% to -1.1%. The index represents confidence in the longer prospects of the economy and its growth leads to strengthening in the USD. At 4 pm, October data on Consumer Confidence is due in the US that could fall from 103.00 to 102.9 points. A growth in the indicator supports the USD, while a fall pressures the currency. On Tuesday night at 1:50 am, data on Retail Sales is due in Japan. Retail sales is an important index representing the level of consumer consumption in the economy. Its growth can support the Yen.

News of the day. Tuesday 27.10.2015

News of the day. Tuesday 27.10.2015

 

 

 




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