- Analytics
- News and Tools
- Market News
- U.S. Q4 GDP and initial jobless claims will be in focus - TDS
U.S. Q4 GDP and initial jobless claims will be in focus - TDS
FXStreet reports that strategists at TD Securities (TDS) offered a brief preview of Thursday key U.S. macro data – the advance GDP report for the fourth quarter. It will be accompanied by the release of initial weekly jobless claims.
“Real GDP appears to have slowed, potentially to the point of contraction as the quarter ended, but it was likely up moderately at least in Q4 as a whole. Our 3% q/q AR estimate is down from 33.4% in Q3, and below consensus at 4.2%. Most components likely slowed; we estimate a 2.5% pace for real consumption, down from 41.0% in Q3. Our Q4 forecast for real GDP implies a net decline of 2.7% from the cyclical peak in Q4 of 2019, an improvement from -3.4% in Q3 and -10.1% in Q2."
"In addition, we expect claims to remain elevated at 860k for the week of 23 Jan (consensus: 875k). The weekly claims data can be especially volatile near year-end, reflecting big seasonal swings. That cautions against reading much into individual weekly readings, but the trend appears to have moved up since November. At 848k, the four-week average is up from 741k at the end of November.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
