Heads up: Series of Top-tier Fundamentals Lining Up - US GDP is at the Top! - FX Leaders News

Heads up: Series of Top-tier Fundamentals Lining Up – US GDP is at the Top!

Posted Wednesday, November 28, 2018 by
Arslan Butt • 1 min read

It’s been a quiet session, but not anymore as we have a series of high-impact economic events ready to be released during the US session.

  • Prelim GDP q/q – The figures are releasing two hours from now (14:30 GMT). Fellas, the figure is expected to be 3.6% and it has the potential to shake the market. Be there to encash an opportunity.
  • Crude Oil Inventories – EIA is releasing stockpile report at 18:00 (GMT). While the market is anxiously waiting for it to determine if it’s worth buying oil futures or not. We will see buying in crude oil if EIA reports a draw in inventories rather than build.
  • Fed Chair Powell Speaks – As we discussed in the morning brief, chances are we won’t have something new from Powell, but still it’s worth the time. Traders will be there at 18:00 (GMT) for any clues about FED’s next move in 2019.

 

 

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About the author

Arslan Butt is our Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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