Market foсus

On Monday, October 30, 2017, the economic calendar will not be marked with a significant news background. Among all published data, attention should be paid to data on income and expenditure of individuals in the United States. Domestic consumption is the largest component of the US GDP, and data on incomes and expenditures of individuals have a direct correlation and are indicators of the US economic growth.

According to the forecast, personal income in September increased by 0.4%, exceeding the previous growth of 0.2%. Expenses of individuals in September increased by 0.8%, which is higher than the growth in August at the level of 0.1%. In case of data release within the forecast, the US dollar will receive support. So one should expect the American to grow at a level of 30 points, against a basket of currencies.

Alexander Sivtsov