News of the Day. Friday 25.09.2015

September 25, 2015

On Friday, the key macroeconomic release is Gross Domestic Product Annualized, due at 3:30 p.m. (GMT+3) in the US. The indicator is expected to remain at the same level of 3.7% which agrees with preliminary data. It should be noted that Personal Spending and Retail Sales grew in the second quarter, thus, the GDP forecast is likely to pan out, and, as a result, the USD will strengthen.

Attention should also be paid to Markit Services PMI for September, due at 4:45 p.m. (GMT+3) in the US. The indicator is similar to Markit Manufacturing PMI, but these are purchasing managers of the largest enterprises in the services sector who assess current economic situation. According to preliminary data, Manufacturing PMI remained unchanged at 53.0 points, while Services PMI, on the contrary, may decline from 56.1 to 55.6 points that is still highly above the key level of 50.0 points, a reading below which indicates a starting slowdown in the sector.

Moreover, German Buba President Weidmann speech is due at 10:00 a.m. (GMT+3) in Florence, but it is unlikely to shed light on prospects of the EU monetary policy. At 5:00 p.m. (GMT+3) the US releases Reuters/Michigan Consumer Sentiment Index, which is expected to grow from 85.7 to 86.9 points.

Publication source
LiteForex information  LiteForex reviews

December 9, 2016
Gold is tired of moving in the range
On the daily chart of gold, the bears remain control over the market. As long as quotes are below $ 1,195, their positions are not under threat. The update of the December low can lead to the continuation of downward movement towards $1,116...
December 9, 2016
Oil prices ignored bigger-than expected drop
After an Asian consolidation oil prices moved higher on Thursday. The price slightly grew and reversed the minor part of its losses. The benchmark approached 53.50 post-Europe open. The price stayed below the 50 and 100 EMAs in the 1 hour chart...
December 9, 2016
EURUSD Trades Below Significant Resistance
The Italian referendum weighed on EUR/USD, fell to a year low of 1.0506 on 5th December. It was followed a quick recovery, as a result of the rebound of the Euro after testing the significant support level at 1.0500. Yet it retraced after testing the significant resistance level at 1.0800...

Larson&Holz IT Ltd Rating
XM Rating
FxPro Rating
FBS Rating
Fort Financial Services Rating
Vantage FX Rating

24option Rating
OptionBit Rating
Beeoptions Rating
Empire Option Rating
TopOption Rating
OptionsXO Rating