Forex Radio - Interactive Forex Media

U.S. Preview: First Quarter GDP to Expose Depth of Ongoing Recession

(CEP News) - U.S. economic growth is expected to continue staggering with yet another steep drop in GDP forecast for the first quarter. However, many economists say the results won’t be as bad as in the fourth quarter.

Tuesday’s Events: U.S. Consumer Confidence and House Prices; BOC; ECB-Speak

Some U.S. house price data and consumer confidence figures top the day’s main economic events on Tuesday, along with some central bank speakers from the Bank of Canada and European Central Bank.

G7 Predicts Recovery in H2, U.S. Durable Goods Orders Fall

G7 Says Declines Showing Signs of Slowing
U.S. Durable Goods Orders Fall, See Significant Downward Revisions
Canada’s February Budget Surplus Down Sharply from Year Ago
UK First-Quarter GDP Falls at Fastest Pace in Nearly 30 Years
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IMF Lowers Growth Forecasts, U.S. House Prices Rise

U.S. Home Prices Rise in February
Bigger-than-Expected Build in U.S. Crude Oil Inventories
Canadian Leading Indicators Worse than Expected
UK Plans to Borrow £703 Billion Over Five Years
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U.S. Leading Indicators Fall, Canadian International Securities Rise

U.S. Leading Indicators Fall More than Expected
Canadian International Securities Transactions Climb in February
Foreign Travel to Canada Rises in Q1
ECB Members Say Rates Near Lower Limit
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U.S. Continuing Claims Soar, Philly Fed Beats Forecasts

U.S. Continuing Claims Rise Above 6 Million for First Time
Philly Fed Survey Improves Significantly in April
Canadian Manufacturing Shipments Above Expectations in February
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Fed’s Beige Book Moderates, U.S. March CPI Deflationary

Fed’s Beige Book Shows Signs of Moderation in Five District
U.S. CPI Turns Negative for First Time in Over Five Decades
NAHB Housing Market Index Posts Upside Surprise
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U.S. Retail Sales Decline, Bernanke Bullish on Greenback

U.S. Advance Retail Sales Surprise to the Downside
Fed’s Bernanke Says USD Will Remain Strong
U.S. PPI Comes in Below Expectations in March
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U.S. Relaxes Cuba Trade, Travel, CA Business Outlook Rises

Obama Allows More Trade and Travel to Cuba
Canadian Business Outlook Improves in Q1
No U.S. Releases on Monday
European, U.K. Markets Closed for Easter Monday
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Midday Market Recap: Stocks Fall as Investors Exit Positions Ahead of Earnings

S&P 500 Down 1.9%.
Canadian Dollar and Yen Outperforming.
TIPS Slide After Soft Auction. Listen