According to Richard Franulovich, Research Analyst at Westpac, a probable 4%+ advance Q2 US GDP later this week will spotlight the strong growth credentials of the US, even allowing for the fact it overstates the true underlying momentum of the economy. Key Quotes “Against that there are nagging concerns the H1 slowdown in the Eurozone might prove to be a more sustained downswing and Chinese growth is suddenly stuttering too.” “Both hard data and soft surveys show US outperformance is returning back to the highs of early 2015.” “Bond spreads will of course track the ebbs and flows in growth differentials and the +100bp widening in two year bond spreads in the USD’s favour over the last year seems entirely reasonable given US growth outperformance this year.” “Last week’s regional July Philly and Empire PMIs came and went without much fuss. Both held firm and if anything provided yet another stark reminder of solid US conditions. But less well appreciated, the detail showed cooling CAPEX intentions.” 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 NEO price analysis: NEO/USD up 4.5%, but the trend remains bearish FX Street 5 years According to Richard Franulovich, Research Analyst at Westpac, a probable 4%+ advance Q2 US GDP later this week will spotlight the strong growth credentials of the US, even allowing for the fact it overstates the true underlying momentum of the economy. Key Quotes "Against that there are nagging concerns the H1 slowdown in the Eurozone might prove to be a more sustained downswing and Chinese growth is suddenly stuttering too." "Both hard data and soft surveys show US outperformance is returning back to the highs of early 2015." "Bond spreads will of course track the ebbs and flows in growth… 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.
