Good news from the US: the economy grew 3.5% in Q3, slightly better than expected. Government spending rises 4.6%, the highest since Q2 2009. Consumer spending is 1.8%, business investment +5.5%, exports 7.8. The GDP price index is at 1.3%, a bit lower than 1.4% expected. In addition, jobless claims remained low at 287K with the moving average at 281K. The greenback advances with EUR/USD dipping below 1.2550, but the dollar then retreats, probably on the internals of the report. Fed Chair Janet Yellen is set to speak soon, but she will not necessarily speak bout monetary policy. Markets are digesting the report. US GDP growth was expected to rise by an annual level of 3.1% in the first read for Q3 2014. There are two more revisions. The economy grew at 4.6% in Q2 after a contraction of 2.1 in Q1. Yesterday, US Treasury Secretary Jack Lew was bullish on US economic indicators, and this led us to suspect that GDP is positive. The dollar was stronger towards the publication, still riding on the hawkish Fed decision: EUR/USD traded around 1.2580, GBP/USD around 1.5980, USD/JPY around 109.90, AUD/USD at 0.8776 and USD/CAD just under 1.12 – The Fed acknowledged “solid job gains” and saw underutilization as “gradually diminishing”. Also the view about falling inflation was relatively positive and there was only one dovish dissenter and not two hawkish ones like last time. Similar to Secretary Lew, the Fed probably had the GDP numbers. 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 German CPI falls 0.3% m/m, +0.8% y/y, HICP only +0.7% Yohay Elam 7 years Good news from the US: the economy grew 3.5% in Q3, slightly better than expected. Government spending rises 4.6%, the highest since Q2 2009. Consumer spending is 1.8%, business investment +5.5%, exports 7.8. The GDP price index is at 1.3%, a bit lower than 1.4% expected. In addition, jobless claims remained low at 287K with the moving average at 281K. The greenback advances with EUR/USD dipping below 1.2550, but the dollar then retreats, probably on the internals of the report. Fed Chair Janet Yellen is set to speak soon, but she will not necessarily speak bout monetary policy. Markets are… Top 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.
