Following the second-quarter US GDP report, which showed a contraction of 32.9%, TD Securities analysts said that they still expect the real GDP in the US to expand by 15% on a yearly basis in the third quarter. Key quotes “Monthly data showed significant improvement in May and June after a plunge in April, so that is arithmetically positive for the Q3 starting point. Meanwhile, the downtrend in jobless claims appears to have at least stalled. Claims were 1.43m in the latest week, following 1.42mn in the prior week and 1.31mn two weeks earlier.” “We believe the rise over the last two weeks has been exaggerated by the multiplicative seasonal adjustment process (nsa claims fell to 1.21mn from 1.38mn in the latest week), but the data are likely to add to concerns in markets about the potential for a double dip. Also, continuing claims rose to 17.0mn from 16.2mn in the latest week. (The nsa figure rose to 16.9mn from 16.3mn.).” “We continue to forecast a +15% q/q AR for real GDP in Q3, although that is down from 18% two weeks ago and it assumes significant slowing on a monthly basis relative to May and June. We have +5% for Q4, but that will depend significantly on COVID developments in coming months.” 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 US: No time to waste as Jobless Claims rise – Wells Fargo FX Street 3 years Following the second-quarter US GDP report, which showed a contraction of 32.9%, TD Securities analysts said that they still expect the real GDP in the US to expand by 15% on a yearly basis in the third quarter. Key quotes "Monthly data showed significant improvement in May and June after a plunge in April, so that is arithmetically positive for the Q3 starting point. Meanwhile, the downtrend in jobless claims appears to have at least stalled. Claims were 1.43m in the latest week, following 1.42mn in the prior week and 1.31mn two weeks earlier." "We believe the rise over 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.