On Friday, the key event was the US GDP report for Q2 and the GDP came in at annual rate of 4.1% q/q, driven mainly by a strong contribution from private consumption, which was up by a rate of 4.0% q/q, points out the research team at Danske Bank. Key Quotes “Inventories contributed negatively by one percentage point, whereas fixed investments were decent with a one percentage point contribution. Given the focus on the US trade deficit, note that net exports were a positive 1.1 percentage point.” “All in all, the US economy is doing fine despite GDP growth coming in one-tenth below consensus. PCE core index also came in lower than expected but should not change much for the Fed, which still seems on track to deliver two more hikes this year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Japan: Industrial production to decline in June – Nomura FX Street 5 years On Friday, the key event was the US GDP report for Q2 and the GDP came in at annual rate of 4.1% q/q, driven mainly by a strong contribution from private consumption, which was up by a rate of 4.0% q/q, points out the research team at Danske Bank. Key Quotes "Inventories contributed negatively by one percentage point, whereas fixed investments were decent with a one percentage point contribution. Given the focus on the US trade deficit, note that net exports were a positive 1.1 percentage point." "All in all, the US economy is doing fine despite GDP growth coming… 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.
