News of the day. Tuesday 27.10.2015

October 27, 2015

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.

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