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Forex Flash: US Q3 GDP upward revision eyed along with Black Friday reports – TD Securities

By FXstreet.com,  November 23, 2012, 10:37:00 AM EDT

FXstreet.com (Barcelona) - Market expectations of a pretty substantial upward revision in the US Q3 GDP, from a preliminary estimate of 2.0% Q/Q annualized to a second reading of 2.8%, will "put the US on considerably stronger footing heading into the peak fiscal cliff uncertainty", wrote TD Securities analysts, as they observed equity markets rebounding this past week after the post-US losses. Reports about today's Black Friday should also garner attention as investors look for "signs of how consumer spending is holding up post-election", they added.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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