Economic calendar opens with a batch of UK reports on this Friday, so let’s take a closer look. The high importance Preliminary UK Gross Domestic Product for the third quarter is out first at 9:30 in the morning. The year opened with a slow growth of only point 2%, but the pace picked up in the second quarter to point 4%. A couple more September releases regarding the UK economy are out at the same time, including manufacturing production stats. Manufacturing slipped by point 2% in August, after staying unchanged in July. Goods Trade Balance data release wraps up the busy UK data run at 9:30. Then the US data flow starts at 1:30 PM GMT with the Producer Price Index for October. Prices increased by point 2% in September after slipping by one tenth of a percent in August. Preliminary University of Michigan Survey for November is up next at 3 PM. The final consumer sentiment reading was revised lower to 98.6 in October, but the index remains near a historically high level. Final US Wholesale Inventories for September are also out at the same time and it’s the last item on this agenda. Advance report showed inventories rising by point 3%. I’m Jack Everitt and these were the potential FX market movers for Friday.


This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD bouncing modestly on disappointing US Consumer Confidence

The shared currency remains pressured by the idea that the ECB will come out with massive stimulus measures in September. US Michigan Consumer Confidence down to 92.1 brakes dollar's gains.


GBP/USD retreats sharply after approaching 1.2200

The GBP/USD pair came under selling pressure after flirting with weekly highs, as a dismal US confidence report brought back risk-off. GBP/USD still up for the week and above the critical 1.2100 level.


USD/JPY: Greenback makes modest progress against Yen, near 106.30

The demand for Yen as a safe-haven currency has been weak in the last three days. The levels to beat for bulls are at the 106.30 and 106.55 resistances.


Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more

Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News