Thursday, April 27, 2017

GDP Price Index released Friday AM



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12:30 USD Gross Domestic Product Price Index (Q1)  PRELIMINAR    2.0%    2.1%
12:30 USD Gross Domestic Product Annualized (Q1)  PRELIMINAR    1.3%    2.1%

Changes in the GDP price index are followed as an indicator of inflationary pressure that may anticipate interest rates to rise. 

Generally speaking, a high reading is seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.