Trading news

Expert's opinion from FXFinPro

US GDP grew by 0.8%

Today was published preliminary statistics on the growth of US GDP. So, for the 1st quarter of this year the index rose by 0.8%, against the previous estimate of 0.5%. The main driver of growth was consumer spending, which rose by 1.9%. Export’s fall was 2.0% which is 0.6% better than the previous estimate. According to our estimates, the growth of the US economy accelerated in the second quarter, which will encourage the Fed to raise interest rates. As a result, we expect a further decline in the euro against the dollar with medium-term guidelines at 1.0700 and 1.0550.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

Friday, 27 May, 2016 / 1:03

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

BoE clips pound’s wings, equities brace for turbulence

  Sterling capsizes after BoE opens door to negative [...]

Posted on Friday, 18 Sep, 2020 / 8:47 under

DAX remains in a range – DAX 30 Market Outlook – 18/09/2020

European equities continue to trade in a range between 13135 support and 13300 [...]

Posted on Friday, 18 Sep, 2020 / 8:35 under

OIL breached above the 200-daily SMA – US OIL Market Outlook – 18/09/2020

WTI Crude breached the 200 period SMA on the daily chart, hitting our long [...]

Posted on Friday, 18 Sep, 2020 / 8:20 under