US Final GDP Q2 at 1.4% – slightly better than expected

0

Slightly better than expected data from the US: the economy grew at a pace of 1.4%. Jobless claims are at 254K. The Core PCE Price Index and the Deflator remained unchanged as expected. Personal consumption is slightly lower, but exports are higher.

The US dollar is ticking up, some 10-15 pips across the board.

The third and final GDP release for Q2 2016 was expected to show an upgrade: an annualized growth rate of 1.3% against 1.1% reported in the second release. This is till very poor growth. The accompanying figures such as the deflator and the Core PCE prices which go hand in hand with the GDP publication were predicted to remain at 2.3% and 1.8% respectively.

The US dollar was mixed, sliding aginst commodity currencies following the OPEC agreement while gaining against the safe-haven yen.

You can follow the live coverage of the event with Valeria Bednarik, Mauricio Carrillo and myself:

Get the 5 most predictable currency pairs

About Author

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.

Comments are closed.