UMich consumer sentiment coming up next but watch out for the Atlanta Fed GDPNow update ...Middle East

Still, I'm curious to see the direction of sentiment as this one tanked early and presumably could start to bottom first. The consensus today on the final reading is 57.9, which is no change from the prelim data.

One update I will be watching for is the latest Atlanta Fed GDPNow reading. It's currently at -1.8% but removing gold from trade boosts that by 2 percentage points. This update includes yesterday's advance trade numbers and today's PCE report.

This article was written by Adam Button at www.forexlive.com.

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