September 27, 2017

AvaTrade, What to expect from GDP reports from US, UK and Canada at the end of this week?

End-of-Month Opportunities: How Valuable Are the US, UK and Canadian Economies?

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This article is originally referred from Avatrade News.

Three Rockstar economies: the US, the UK, and Canada are expected to publish their Gross Domestic Product reports towards end of this week.

The GDP report indicates the change in the value of all goods and services produced by the respective country.

With major economic events in focus all around the world, the markets are eager to see how the economy giants are performing into Q4.

Check the release dates and important notes below.

Critical Details to Know

  • United States of America: The US Federal Reserve has recently stirred the markets with a surprise announcement for a possible interest rate hike before the end of the year. They based this announcement on the strong performance of US Inflation in CPI reports.
  • United Kingdom: The UK was economically overshadowed last year when the British people voted to leave the EU. PM Theresa May recently outlined the Brexit plans, which may cause the UK economy suffer financial burdens in terms of business, debt, and credit.
  • Canada: The Canadian economy continues to dazzle its rivals with stable growth. Their GDP reports have been mostly better-than-expected this year, underperforming only in one month. Furthermore, the Bank of Canada recently surprised the markets by raising the overnight interest rates, helping the CAD gain over 300 pips against its major counterparts.

Will the value of each economy rise or fall upon recent events?

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 Thursday, September 28th @ 12:30 (GMT)
 Report Name: US Final GDP (quarterly)
 Previous / Expectation: 3.0% / 3.0%
 Friday, September 29th @ 08:30 (GMT)
 Report Name: UK Final GDP (quarterly)
 Previous / Expectation: 0.3% / 0.3%
 Friday, September 29th @ 12:30 (GMT)
 Report Name: Canada GDP (monthly)
 Previous / Expectation: 0.3% / 0.1%

Original Source: Avatrade News

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