The third and “final” release of Gross Domestic Product in the US showed that the economy grew by only 1.8% (annualized) in Q1 2013. This is a sharp downside revision from 2.4% in the second release. The first release showed 2.5% and the original expectations were for growth above 3%. This big disappointment hit the dollar, but the change isn’t that big: EUR/USD is 20 pips higher to 1.3040 at the time of writing and USD/JPY is at 97.40. The final revision doesn’t usually differ that much from the second one nor from early expectations, especially as most of the data that comprises the GDP release are already out. Why doesn’t the dollar react badly to such bad figures? The answer probably lies in the current focus of the Fed: jobs. Growth is still growth, whether strong or weak and as long as jobs continue rising, we are set to see tapering towards the end of the year. Further reading: Forex Analysis: USD/JPY Partial Recovery Targets Bullish Resumption Hot summer in currency trading – new webinar 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 Analysis: EUR/USD Drops to Key 1.3000 Support James Chen 10 years The third and "final" release of Gross Domestic Product in the US showed that the economy grew by only 1.8% (annualized) in Q1 2013. This is a sharp downside revision from 2.4% in the second release. The first release showed 2.5% and the original expectations were for growth above 3%. This big disappointment hit the dollar, but the change isn't that big: EUR/USD is 20 pips higher to 1.3040 at the time of writing and USD/JPY is at 97.40. The final revision doesn't usually differ that much from the second one nor from early expectations, especially as most of 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.
