US Q1 GDP figures out tonight

Discussion in 'Markets & Economies' started by Caput Lupinum, Apr 28, 2016.

  1. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    First full quarter of US GDP figures since the Fed raised rates in December last year due out tonight at 10:30pm AEST.

    Here's hoping for a sh*thouse number pushing up the price of metals causing the next break out leg in gold. Also will be trading the AUD/USD and EUR/USD currency pairs. Either expecting the Aussie to take back its recent losses on the poor inflation figures on Tuesday or continue fall to around the 75 cent mark if the US GDP figures beat expectations.
     
  2. billybob888

    billybob888 Well-Known Member Silver Stacker

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    Hoping for a higher than expected number so gold would tank creating a buying opportunity
     
  3. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Also have US core PCE price index figures out on Friday night which will influence the markets one way or the other
     
  4. Silverthorn

    Silverthorn Well-Known Member

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    0.5, not quite as bad as Schiff was talking about but these figures get revised often down.
     
  5. TheEnd

    TheEnd Well-Known Member

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    Ye I been listening to all of Schiffy's podcasts every few days on youtube.

    He reckons the U.S are already in another great recession and all the figures always seem to get revised downwards.

    And also Yellen did'nt raise rates yesterday which is basically an admission that the economy is'nt doing so well.

    I suspect as the year slowly creeps along at snail pace that Yellen will anounce QE4 sometime.
     
  6. TheEnd

    TheEnd Well-Known Member

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