The US growth engine is at full speed: Q3 GDP growth was revised to the upside, to 3.9% annualized. Consumer spending was revised up to 2.2%. Core PCE os 1.4%. The PCE is up from 1.2% to 1.3%. This is a good figure. There is still one more revision awaiting us in a month or so. The USD is stronger: EUR/USD is sliding to 1.24, GBP/USD at 1.5650, USD/JPY to 118.25, AUD/USD is below 0.8520 and USD/CAD at 1.1287. US Gross Domestic Product growth for the third quarter was expected to be revised down to 3.3% from 3.5% originally reported. Currencies traded in range before the release: EUR/USD was around 1.2425, GBP/USD at around 1.5660, USD/JPY flirted with 118, USD/CAD was around 112.67 and AUD/USD stood out with a fall to new multi-year low. Here is the preview: trading the US GDP with EUR/USD. While Q3 is getting further away, this is the most comprehensive view of the economy, making it important. This We still have CB Consumer Confidence later in the day. And tomorrow, we have an important housing figure: see how to trade the new home sales with USDJPY. 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 GBPUSD: Eyes Further Upside On Recovery FX Tech Strategy 7 years The US growth engine is at full speed: Q3 GDP growth was revised to the upside, to 3.9% annualized. Consumer spending was revised up to 2.2%. Core PCE os 1.4%. The PCE is up from 1.2% to 1.3%. This is a good figure. There is still one more revision awaiting us in a month or so. The USD is stronger: EUR/USD is sliding to 1.24, GBP/USD at 1.5650, USD/JPY to 118.25, AUD/USD is below 0.8520 and USD/CAD at 1.1287. US Gross Domestic Product growth for the third quarter was expected to be revised down to 3.3% from 3.5% originally reported.… 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.
