Market Brief May 25th: GDP from the United Kingdom to stir the cable

Good morning traders!

Today’s market catalysts include:

EUR , 09:00 a.m. GMT + 1, German Ifo Business Climate index (May) – a key leading indicator of the economy looking six months ahead, the composite index is based on a survey of builders, manufacturers, wholesalers, and retailers. Data is perceived very seriously by the market and could have a medium-term impact on the price of the euro as well (six months). Market expectations forecast lower performance in May at 101.9 versus 102.1 for the previous month. An actual higher result should be read as positive for the euro while a much weaker reading could crush prices.

The United Kingdom

09:30 a.m. GMT +1, GDP (QoQ) (Q1) P – Gross Domestic Product is a high-impact event that could cause quite a commotion for the sterling and its counterparts around the time it comes out and have a long-term impact depending on the result. Market analysts foresee no change for the first quarter of 2018 and for total output of goods and services to remain at 0.1%, same as last time. If the report comes out higher than expected, this should have a bullish impact on the pound while a much weaker reading could send the currency into the abyss.

The United States

USD, 13:30 p.m. GMT + 1, Core Durable Goods Orders (MoM) (Apr)- the index measures the change in new orders for long-lasting manufactured goods with the exception of transportation items (as those are too sizable on their own). Market analyst projections point at an increase in orders for in April at 0.5% versus -0.1% scored in March. Should the actual reading beat expectations with a higher number, this should be read as a positive factor for the U.S. dollar. A drastic decrease in new orders, however, could bring the currency down significantly.

USD, 14:20 p.m. GMT + 1, Fed Chair Powell Speaks – talks, and speeches from the head of the Fed cause markets to react with significant changes in price. Those are times when traders religiously listen to comments from the head of the Federal Reserve. We have to remember that the United States is the largest economy in the world and the place of the country in global economy is huge.

Wishing you Happy and Successful Trading!

Risk Warning: The information above constitutes Marketing Communication and does not constitute Investment Advice or Investment Research. The content of the analysis represents the view of our experts on a generic basis, and do not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the analysis above has not been prepared in accordance with legal requirements designed to promote the independence of Investment Research. Readers using the above information should consider the possibility of encountering substantial losses. Therefore, UR Trade Fix Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the above analysis.”  Further to the above ,Forex Trading involves a substantial Risk of Loss and may not be suitable for all Investors. Please see our Website for details regarding UR Trade Fix Limited’s Trading Terms, Policies and Offerings.Read more.



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