Analysts at Commerzbank are out with their estimates on Friday’s second-quarter US GDP release that will be reported at 1230 GMT. Key Quotes: “We expect 4.3% q/q. Private consumption has benefited from strong job growth and the resulting rise in labor income. Increased spending significantly at federal, state and local levels. With the exception of residential construction, private investment has also increased considerably. Foreign trade has contributed an estimated 1.5 percentage points to growth, although this was partly due to a special factor, namely exports of soybeans to China being pulled forward before punitive tariffs were imposed. Growth should slow in the coming quarters though, not least because tighter monetary policy and the trade conflicts are likely to increasingly dampen the US economy.” 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 NZD/USD makes an unconvincing run for 0.68, stalls out ahead of the barrier FX Street 5 years Analysts at Commerzbank are out with their estimates on Friday's second-quarter US GDP release that will be reported at 1230 GMT. Key Quotes: "We expect 4.3% q/q. Private consumption has benefited from strong job growth and the resulting rise in labor income. Increased spending significantly at federal, state and local levels. With the exception of residential construction, private investment has also increased considerably. Foreign trade has contributed an estimated 1.5 percentage points to growth, although this was partly due to a special factor, namely exports of soybeans to China being pulled forward before punitive tariffs were imposed. Growth should slow… 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.
