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

 

US STOCKS HIT RECORD HIGHS DESPITE WEAK NFP REPORT

Wall Street stocks climbed despite the US Labor Department releasing a [...]

Posted on Monday, 10 May, 2021 / 10:23 under

NFP disappointment hammers dollar, sends stocks flying

· Soft US employment report eases fears around stimulus rollback [...]

Posted on Monday, 10 May, 2021 / 9:24 under

Shares of Moderna fell on Thursday, despite the company reporting its first profitable quarter

Moderna not only recorded profits for the first quarter, but also raised the [...]

Posted on Sunday, 09 May, 2021 / 5:18 under