US: All eyes on goods trade balance and GDP numbers – Deutsche Bank

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Jim Reid, Research Analyst at Deutsche Bank, expects that much of the focus today will be on two important data releases in the US.

    Key Quotes

    “Firstly, the advance goods trade balance reading for October is expected to show a modest widening in the deficit, reflecting a drag from net exports which would be consistent with recent trends in the export and import components of the manufacturing ISM survey.”

    “Released at the same time will be the second reading for Q3 GDP. Our US economists are expecting growth to be revised up from the initial 1.5% print to 2.3% reflecting greater inventory accumulation, which is slightly ahead of current market expectations for 2.1%. They also note that this would point to less growth in the current quarter, because of the need to run inventories down a bit further and so we could see some implications for Q4 projections.”
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