All about the GDP Missing, or Not

U.S. Session Buzz

Current Futures: Dow -6.00, S&P -0.40, Nasdaq -3.25

There is nothing happening ahead of the GDP numbers that reveals any inclination that the market wants to reverse the recent dollar selling, and although the moves are tentative at the moment it seems that unless the 08:30 EDT GDP numbers are strong, and print around the 2.6% expected, the dollar may find more sellers. The last month of dollar gains now need to be either added to, or cashed in. It seems that the consolidation phase that the market has been through recently may be coming to a close, and this GDP report may be the instigator, one way or the other. The daily and 4 hour charts are set to break or reverse, all they need is a momentum move off strong or weak economics today. The volatility will build in the run-up to the numbers.

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