US inventories data released on Monday, signals a modest boost to Q2 GDP according to analysts at Wells Fargo. Key Quotes: “Business inventories added another 0.4 percent in May with higher stockpiles in every category, particularly merchant wholesalers, which was up 0.6 percent. The brisk pace of sales suggests that this does not appear to be unintended inventory building.” “Another indication of the turnover in stockpiles is the ratio of inventories to sales. This measure has been trending lower since the start of 2016. In the past couple of years, a relatively slow, steady build in inventories has translated into uncharacteristically docile rate of change and as a result, inventories have not been a significant driver of growth. We look for a modest boost of less than half a percentage point from inventories in Q2 GDP.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD looks to close the first day of the week above 1.17 FX Street 5 years US inventories data released on Monday, signals a modest boost to Q2 GDP according to analysts at Wells Fargo. Key Quotes: "Business inventories added another 0.4 percent in May with higher stockpiles in every category, particularly merchant wholesalers, which was up 0.6 percent. The brisk pace of sales suggests that this does not appear to be unintended inventory building." "Another indication of the turnover in stockpiles is the ratio of inventories to sales. This measure has been trending lower since the start of 2016. In the past couple of years, a relatively slow, steady build in inventories has… 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.
