U.S. GDP Report Likely to Move Forex Markets

Today’s U.S. Second Quarter GDP Report should move the markets today.  Most economists are calling for a contraction of 1.5%.   A report showing a deeper contraction than the estimate could pressure stocks. 

Initial claims are expected to fall for the first time in three weeks.  This report shouldn’t carry that much weight ahead of next week’s all important U.S. Non-Farms Payroll Report.

Read full article at ForexHound.com