Gross Domestic Product grew at an annual pace of 1.7% in the second quarter of 2012 according to the first revision of GDP for Q2. The initial estimate was 1.5% and the consensus was for a revision to 1.7%. EUR/USD was trading steadily at around 1.2550 and is now ticking higher after an initial drop. USD/JPY traded around 78.60 prior to the publication and is now rising after a muted initial reaction. GBP/USD is now on the rise. The GDP price index remained unchanged at 1.6%, as expected. Later on, US pending home sales are expected to rise by 1.1%. Update: Pending home sales exceeded expectations and rose by 2.4% – another positive sign for the housing sector. Markets are generally tense towards Ben Bernanke’s speech on Friday at Jackson Hole. All in all, the US economy continues growing at a slow pace: probably not enough for QE3. Some participants expect Bernanke to hint about QE3, but there are many reasons why he may disappoint. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Forex Magnates Hosts First Annual Summit – Sponsored by Yohay Elam 10 years Gross Domestic Product grew at an annual pace of 1.7% in the second quarter of 2012 according to the first revision of GDP for Q2. The initial estimate was 1.5% and the consensus was for a revision to 1.7%. EUR/USD was trading steadily at around 1.2550 and is now ticking higher after an initial drop. USD/JPY traded around 78.60 prior to the publication and is now rising after a muted initial reaction. GBP/USD is now on the rise. The GDP price index remained unchanged at 1.6%, as expected. Later on, US pending home sales are expected to rise by 1.1%.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
