samedi 28 mars 2015
Forex Weekly Outlook Mar 30-Apr 3
Posted on 06:36 by nice news
The US dollar managed to fight back and correct part of the correction. In the week that ends with Good Friday, we have a buildup towards the all important US Non-Farm Payrolls as well as Canadian GDP, US Consumer Confidence and more events. Join us as we explore the top events of this week.
The US labor market continued to improve with a decline in the number of jobless claims, reaching 282,000. Robust job creation and better employment conditions have strengthen the labor market spurring growth. However, the final GDP release for the fourth quarter of 2014 slightly disappointed remaining unchanged at 2.2%, below the 2.4% forecast. Despite a 4.4% jump in consumer spending, the economy shrank at an annual rate of 2.1% in the first quarter due to severe winter storms. Nevertheless, economists forecast stronger growth in the coming months, as the labor market continues its positive expansion trend. Let’s start:
Updates:
Canada GDP: Tuesday: 12:30. The Canadian economy expanded 0.3% in December, exceeding analysts’ expectations for a 0.2% gain. The reading was preceded by a 0.2% contraction in November. On a yearly base, GDP edged up 2.5% in 2014. The annual growth rate in the fourth quarter reached 2.4%, below the 3.2% posted in the third quarter. Household spending continued to be the main force in the Canadian economy increasing consumption expenditure by 2.0% on an annualized basis. Exports of goods fell 2.5%, exports of crude oil declined 6.5% and exports of refined petroleum products slumped 36.3%. Economists forecast a 0.2%growth rate in January.
US CB Consumer Confidence: Tuesday, 14:00. Consumer confidence declined more than expected in February reaching 96.4 from 103.8 in January. Economists expected a smaller drop to 99.6. Current declined to 110.2 from a revised 113.9 in January. Consumer outlook for the next six months dropped to 87.2 from a revised 97.0. Consumers were less optimistic about job
The US labor market continued to improve with a decline in the number of jobless claims, reaching 282,000. Robust job creation and better employment conditions have strengthen the labor market spurring growth. However, the final GDP release for the fourth quarter of 2014 slightly disappointed remaining unchanged at 2.2%, below the 2.4% forecast. Despite a 4.4% jump in consumer spending, the economy shrank at an annual rate of 2.1% in the first quarter due to severe winter storms. Nevertheless, economists forecast stronger growth in the coming months, as the labor market continues its positive expansion trend. Let’s start:
Updates:
Canada GDP: Tuesday: 12:30. The Canadian economy expanded 0.3% in December, exceeding analysts’ expectations for a 0.2% gain. The reading was preceded by a 0.2% contraction in November. On a yearly base, GDP edged up 2.5% in 2014. The annual growth rate in the fourth quarter reached 2.4%, below the 3.2% posted in the third quarter. Household spending continued to be the main force in the Canadian economy increasing consumption expenditure by 2.0% on an annualized basis. Exports of goods fell 2.5%, exports of crude oil declined 6.5% and exports of refined petroleum products slumped 36.3%. Economists forecast a 0.2%growth rate in January.
US CB Consumer Confidence: Tuesday, 14:00. Consumer confidence declined more than expected in February reaching 96.4 from 103.8 in January. Economists expected a smaller drop to 99.6. Current declined to 110.2 from a revised 113.9 in January. Consumer outlook for the next six months dropped to 87.2 from a revised 97.0. Consumers were less optimistic about job
Forex Weekly Outlook Mar 30-Apr 3
Categories: Forex Weekly Outlook Mar 30-Apr 3
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