By Darrell Martin
The broadest measure of economic activity and the primary indicator of the economy’s health is the Gross Domestic Product (GDP). The GDP and the GDP Price Index Reports will both be released Tuesday, November 25, 2014, at 8:30 AM.
The GDP is a monthly report. The usual effect of this report is if the actual is greater than the forecast it is good for currency. The forecast for this month is 3.3 percent. The previous reading was 3.5 percent. This report has a high level of importance.
The GDP Price Index measures the change in price of goods and services included in the gross domestic product. It is a broad indicator of inflation. It is forecast at 1.3 percent which is the same as the previous reading from last month.
If it is reported higher than expected, it would be bullish for the USD. If it is lower, then it is considered negative or bearish for the USD. This report has a medium level of importance.
An amount of caution should be observed as this is a holiday week in the United States. Continue to use caution during the holiday season.
A good trade to look for on this news report would potentially be an Iron Condor using the EUR/USD on Nadex Spreads.
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