The final read of GDP for the fourth quarter of 2012 showed a growth rate of 0.4%. Final GDP was expected to show an upwards revision from +0.1% to +0.5%. Jobless claims were expected to tick to 340K but it disappointed by leaping to 357K, after a few positive weeks. The 4 week moving average stands at 343K. The disappointing US data from today joins weak data seen earlier this week, and comes in contrast to positive figures seen for a long time. US Core PCE rose by 1% instead of 0.9% that was expected. EUR/USD traded higher before the news, as banks reopened in Cyprus and so far it is going well. The pair is still looking for a direction. Also the situation in Italy looms. Canadian GDP was expected to rise by 0.1% in January after a drop of 0.2% in December. It exceeded expectations and rose by 0.2%. Further reading: Driving through quarter end 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 Trading and Your Financial Instruments Guest 10 years The final read of GDP for the fourth quarter of 2012 showed a growth rate of 0.4%. Final GDP was expected to show an upwards revision from +0.1% to +0.5%. Jobless claims were expected to tick to 340K but it disappointed by leaping to 357K, after a few positive weeks. The 4 week moving average stands at 343K. The disappointing US data from today joins weak data seen earlier this week, and comes in contrast to positive figures seen for a long time. US Core PCE rose by 1% instead of 0.9% that was expected. EUR/USD traded higher before the… 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.
