The US economy grew at an annualized pace of 3.9% in Q2 2015 according to the final read, better than 3.7% seen in the second release and the early expectations. In addition, the Core PCE Prices rose by 1.9%, stronger than 1.8% reported beforehand. The deflator remains unchanged at 2.1%. The US dollar is on the rise, but some of the gains were erased. Also the components look better, with consumer spending up from 3.1% to 3.6%. Rises were also seen in sales and in company profits. Exports and imports were little changed. A downward revision came in inventories, and this is good news on its own: depleted inventories require replenishing afterwards, promising a good Q3. Here are the immediate currency reactions. EUR/USD traded around 1.1150 and afterwards at 1.1130. USD/JPY flirted with 121 and rises to 121.20 GBP/USD was around 1.5166 and remains depressed. USD/CAD was just above 1.3320 and advances to 1.3345. AUD/USD traded around 0.7015 and now slips below 0.70. NZD/USD was around 0.6340 and ticks down to 0.6320. The third and final read for US Gross Domestic Product (GDP) in the second quarter of 2015 was expected to stand at 3.7% (annualized) exactly like the second read. Also the Core PCE Prices indicator carried expectations for a confirmation at 1.8% and the GDP deflator at 2.1%. Towards the release, the US dollar still enjoyed Yellen’s hawkish talk and maintained most of the high ground, especially against other major pairs, and less so against commodity currencies. In our latest podcast we explain why the dollar defies the doves Follow us on Sticher. 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 Dollar rises following Yellen’s remarks Guest 7 years The US economy grew at an annualized pace of 3.9% in Q2 2015 according to the final read, better than 3.7% seen in the second release and the early expectations. In addition, the Core PCE Prices rose by 1.9%, stronger than 1.8% reported beforehand. The deflator remains unchanged at 2.1%. The US dollar is on the rise, but some of the gains were erased. Also the components look better, with consumer spending up from 3.1% to 3.6%. Rises were also seen in sales and in company profits. Exports and imports were little changed. A downward revision came in inventories, and… 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.
