Keep an eye on the US weather particularly in the East.

First quarter growth in the USA this year was nowhere near what markets expected and much of this had to do with a freezing cold winter that froze business activity and spending in much of the North East. Buffalo which is in the north east of the USA received its annual snow fall in 48 hours last week.

If the US experiences a cold start to winter and an unusually cold snap early then I would expect traders to use this as an excuse to speculate on lower GDP in the fourth quarter for the USA.

Each Day Andrew Barnett the Senior Trader at LTG GoldRock reviews and discusses the latast Forex News and World Events that could potentially impact Forex Markets. Go to www.ltggoldrock.com for more information.