1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

All roads lead towards US GDP today – Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Delhi) – Elwin de Groot, Senior Eurozone Strategist at Rabobank, suggests that the Bureau of Economic Analysis will release its second estimate of GDP for the third quarter.

    Key Quotes

    “A small upward revision from the initial figure of 1.5% (annualised) is expected; the median estimate (among market participants, not the BEA) now stands at 2.0%. The advanced report, which was published a month ago, showed that inventories subtracted 1.4%-points from the headline figure. However, as business inventories were better-than-expected in September and the August data was also revised up, more recent data suggest that the BEA seems to have overestimated the negative effects of inventories.”
    For more information, read our latest forex news.
     

Share This Page