Market Focus

On Tuesday, November 29, 2017, attention should be paid to the preliminary data on the US GDP. Quarterly dynamics of GDP percent shows the pace growth of the economy as a whole. Consumption today is the largest component of the US GDP and has the greatest impact on it.

According to the forecast, GDP growth in the third quarter will be at the level of 3.2%, against the previous value at the level of 3.0%. GDP deflator of the third quarter will retain its value at 2.2%. In case of data release within the forecast, the US dollar will receive support and one should expect the growth of the US currency within 40 points.

Alexander Sivtsov