eToro – Forex Trading Forum

[ForexAddict]

Once again we face a week with important scheduled events regarding the US economy. In the past month the signals from the different economic indicators have been rather mixed and market sentiment has shifted between recession when one economic indicator was released and called off the recession with the release of the next. If you derive the expectations to the state of the US economy from the current expectations to rate cuts from the Federal Reserve, the market has reduced the degree of impact from a recession at least.
For the US, this week is kicked off with consumer confidence from Conference Board tomorrow, ADP Unemployment, Q1 GDP, Chicago PMI, ,and rate announcement from the FED Wednesday, ISM Manufacturing Thursday, and Non-farm Payrolls Friday. Fed funds futures currently indicate a 78% probability for a cut by 25bps and 22% for no cut at all.