Economists expect US GDP to have grown at a 3.5% annual rate in the final quarter of 2010, up from 2.6% in the third quarter. Improving trade figures will probably be the biggest single boost to the economy, along with improved consumer spending.
Keep in mind, GDP is released and revised three times during the quarter, and this is the first look, so heavy revisions are likely.
Unless growth is much stronger than expected, we’d anticipate a 1.3650/1.3750 range. Weak data could put stops above 1.3760 into play . Barriers are rumored at 1.3775 and 1.3800.
