US Gross Domestic Product: 1st Quarter 2016 (Advance Estimate)

Real gross domestic product — the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, adjusted for price changes — increased at an annual rate of 0.5 percent in the first quarter of 2016, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 1.4 percent. The Bureau emphasized that the first-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see the box on page 3 and “Comparisons of Revisions to GDP” on page 4). The “second” estimate for the first quarter, based on more complete data, will be released on May 27, 2016. The increase in real GDP in the first quarter reflected positive contributions from personal consumption expenditures (PCE), residential fixed investment, and state and local government spending that were partly offset by negative contributions from nonresidential fixed investment, private inventory investment, exports, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased. Read full story here

Oil futures pared some of their earlier gains on Wednesday after the U.S. Energy Information Administration reported a 2 million-barrel climb in crude-oil supplies for the week ended April 22. The American Petroleum Institute late Tuesday had reported a 1.1 million-barrel fall, while analysts polled Platts expected an 800,000-barrel increase. Gasoline supplies rose 1.6 million barrels, while distillate stockpiles fell by 1.7 million barrels last week, according to the EIA. June crude CLM6, +1.04% was at $$44.46 a barrel on the New York Mercantile Exchange, up 42 cents, or 1%. Prices traded at $44.84 before the data.
Read full story here

Change in gross domestic product (GDP) is the main indicator of economic growth. GDP is estimated to have increased by 0.4% in Quarter 1 (Jan to Mar) 2016 compared with growth of 0.6% in Quarter 4 (Oct to Dec) 2015.

Output increased in services by 0.6% in Quarter 1 (Jan to Mar) 2016. The other 3 main industrial groupings within the economy decreased, with production falling by 0.4%, construction output by 0.9% and agriculture by 0.1%.

GDP was 2.1% higher in Quarter 1 (Jan to Mar) 2016 compared with the same quarter a year ago.

In Quarter 1 (Jan to Mar) 2016, GDP was estimated to have been 7.3% higher than the pre-economic downturn peak of Quarter 1 (Jan to Mar) 2008. From the peak in Quarter 1 (Jan to Mar) 2008 to the trough in Quarter 2 (Apr to June) 2009, the economy shrank by 6.1%.

The preliminary estimate of GDP is produced using the output approach to measuring GDP. At this stage, data content is less than half of the total required for the final output estimate. The estimate is subject to revision as more data become available, but these revisions are typically small between the preliminary and third estimates of GDP, with no upward or downward bias to these revisions.

All figures in this release are seasonally adjusted. In line with the national accounts revision policy, no earlier periods have been revised.
Read full story here

24FOREXSIGNAL.COM - UK #fxprovider since 2013!

#24FOREXSIGNAL.COM - UK #fxprovider since 2013!
Over 4K+ traders and fund managers already follow them and generate profit for all customers +30% +60% per month!
2016 - #performance Jan /+43%/; Feb /+5.5%/; Mar /+32%/; Apr /+22% one more week/: Join: goo.gl/4Esru1
#Guaranteed profit and strategy: goo.gl/ZLnEjO
Recommended Broker + #BONUS 50%: goo.gl/1djaJu
Hottest #Blog:  goo.gl/oVog9V
Last week there is 3/3 profitable signals:
#AUDUSD - SELL +55 pips
#EURUSD - BUY +55 pips
#NZDUSD - SELL +30 pips
Join: goo.gl/ZLnEjO

24FOREXSIGNAL - One of the best UK #FX providers since 2013!

Last week #24FOREXSIGNAL provide 3/3 profitable signals
11/04/2016 Monday
#USDJPY - BUY +70 pips
13/04/2016 Wednesday
#GBPUSD - SELL +45 pips
15/04/2016 Friday
#AUDUSD - SELL +55 pips
Overall: +170 #pips
Join us: https://24forexsignal.com/get-signals/
Recommended Broker: goo.gl/1djaJu

13/04/2016 ‪#‎24FOREXSIGNAL‬ provided signal for:
‪#‎GBPUSD‬ - SELL +45 pips Close Manual
Overall last week: +115 pips

30-60% PROFIT per Month: goo.gl/ZLnEjO

11/04 - 12/04/2016 

Our team are starting the week with:

‪#‎USDJPY‬ - BUY +70 pips 

Join us and start to ‪#‎profit‬: 

https://24forexsignal.com/get-signals/

Recommended Broker: goo.gl/1djaJu

‪#‎fxsignals‬ ‪#‎forexmarket‬ ‪#‎UKprovider‬

24FOREXSIGNAL - One of the best UK #FX providers since 2013!
Over 4K+ traders around the world already have follow them. You can manage already alone your funds fast and easy. No EA, no software's, no robots, no scammers - just MANUAL signals with high % profit.
Join and start to win: goo.gl/ZLnEjO
Open #real account with bonus 50%: goo.gl/1djaJu
Last week signals: 3/4 #profitable
04/04/2016 Monday:
- No signals
05/04/2016 Tuesday:
#EURUSD - SELL +20 pips
#GBPUSD - SELL +86 pips
06/04/2016 Wednesday:
#GBPUSD - BUY -60 pips stop loss
07/04/2016 Thursday:
- No signals
08/04/2016 Friday:
#NZDUSD - BUY +15 pips
Overall: +61 #pips
All performance to the FB page: goo.gl/4Esru1

Weekly outlook from 4/4/2016 to 8/4/2016

Monday, April 4

Markets in Hong Kong and Shanghai will be closed for holidays.

Australia is to release data on building approvals and retail sales.

The euro zone is to report on the unemployment rate.

The U.K. is to release survey data on construction sector activity.

The U.S. is to publish data on factory orders.

Tuesday, April 5

Australia is to release data on the trade balance.

The Reserve Bank of Australia is to announce its benchmark interest rate and publish its rate statement, which outlines economic conditions and the factors affecting the monetary policy decision.

In the euro zone, Germany is to publish data on factory orders.

The U.K. is to release data on service sector activity.

Both the U.S. and Canada are to publish trade balance reports and the Institute of Supply Management is to release data on U.S. service sector activity.

Wednesday, April 6

China is to publish the Caixin non-manufacturing index.

The Fed is to publish the minutes of its March monetary policy meeting, giving investors insight into how officials view the economy and their policy options.

Thursday, April 7

The Swiss National Bank is to publish data on its foreign currency reserves. This data is closely scrutinized for indications of the size of the bank’s operations in currency markets.

The U.K. is to release data on house price inflation.

The European Central Bank is to publish the minutes of its latest meeting.

The U.S. is to publish the weekly report on initial jobless claims.

Friday, April 8

The U.K. is to release data on manufacturing production.

Canada is to round up the week with the monthly employment report.

 March Manufacturing ISM Report On Business

Building Approvals, Australia, Feb 2016 

Dear traders,
over 1k+ #Fund managers already follow the UK #FOREX signals thanks to #24FOREXSIGNAL.COM
Performance for March: +12500 EURO
Overall: +330 #pips
You can start trading alone your #MONEY without the involvement of fund managers most of which are scammers.
How to start: goo.gl/ZLnEjO
Open Real Account + BONUS 100%: goo.gl/1djaJu
01/04/2016 Friday: The team provided signal for Non-Farm #Payrolls
#AUDUSD - SELL +55 pips Close Manual
All performance at the Facebook page:
goo.gl/4Esru1

UK manufacturing sector remains subdued in March

The opening quarter of 2016 saw the UK manufacturing sector register one of its weakest performances during the past three years. The seasonally adjusted Markit/CIPS Purchasing Managers’ Index® (PMI® ) posted 51.0 in March, only a couple of ticks higher than February’s 34- month low of 50.8. This left the quarterly average at a relatively subdued level of 51.6, equalling the lowest recorded since the PMI first moved back above the neutral 50.0 mark in early 2013. March saw production rise at a pace unchanged from February’s seven-month low. Where an increase in output was registered, this mainly reflected improved inflows of new business. The domestic market was the prime source of new contract wins.
The intermediate goods sector recorded the steepest expansions of both production and new business during the latest survey month. The performance of the consumer goods sector also remained mildly positive. Output of consumer products rose moderately following a solid rebound in new order volumes from February’s contraction. The trend in investment goods output growth continued to slow sharply, as new work received fell for the second straight month.
Read full story here