Forex | Forex Strategies | A vicious bear rally late in the US session wipes out most position ahead of the Asian open (28/08/2009 06:49:14)

A vicious bear rally late in the US session wipes out most position ahead of the Asian open

As a consequence it was a quiet session. Watch for UK Q2 GDP data today, ahead of long UK weekend MAJOR HEADLINES – PREVIOUS SESSION US Q2 GDP second revision out at -1.0% q/q, unchanged vs. -1.5% expected US Weekly Initial Jobless Claims out at 570k vs. 565k expected and 580k prior US Weekly Continuing Claims out at 6,133k vs. 6,242k expected and 6,252k prior NZ Jul. Building Permits out at +5.0% m/m vs. +8.0% expected and revised -9.6% prior UK GfK Aug Consumer Confidence out at -25 vs. -24


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