Hi Traders

Hope that you doing well...

U.S. Advanced Gross Domestic Product (GDP) figures are expected tomorrow, October 30th, at 12:30 (GMT), and you need to be prepared. Market events like this one tend to create either big changes to current trends or push current trends even further...

The Advanced Gross Domestic Product (GDP) is a survey that is being used to measure the annualized change in the value of all goods and services produced by the relevant economy. It is defined as the total market value of all goods and services produced within the U.S. economy in one quarter, in this case the 3rd quarter. The survey is released on a quarterly basis and it measures the differences compared to the same quarter in the previous year. There are 3 versions of the GDP, released one month apart - "Advanced", "Preliminary" and "Final". The "Advanced" estimates are based on source data that is incomplete or subject to further revision by the source agency, while the adjusted figures are delivered through the 'Preliminary' version.

Traders follow this survey very closely because it is considered to be the broadest measurement of economic activity and a primary gauge of an economy's health...

U.S. Advanced GDP figures, as always, had a huge effect on market activity.

Hi friends...

yes obviously... according to the economic calender of Finexo, the GDP estimates released some days back are based on more complete source data than were available for the advance estimates issued last month. In the advance estimates, the decrease in real GDP was 0.3 percent.

The decrease in real GDP in the third quarter primarily reflected negative contributions frompersonal consumption expenditures (PCE), residential fixed investment, and equipment and software that were partly offset by positive contributions from federal government spending, private inventory investment, exports, nonresidential structures, and state and local government spending. Imports, which are a subtraction in the calculation of GDP, decreased.

Most of the major components contributed to the downturn in real GDP growth in the third quarter. The largest contributors were a sharp downturn in PCE, a deceleration in exports, a smaller decrease in imports, and decelerations in nonresidential structures and in state and local government spending. Notable offsets were an upturn in inventory investment and an acceleration in federal government spending.

Regards