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

 

USD the Main G10 Winner, New UK Prime Minister to be Announced

The dollar gained against all the other G10 currencies, perhaps as investors [...]

Posted on Tuesday, 23 Jul, 2019 / 7:57 under

USD Rises To A One-Week High

The US dollar was seen nearing a one-week high earlier today. The gains in the [...]

Posted on Tuesday, 23 Jul, 2019 / 7:56 under

Forex: EURUSD Could Breakout on the ECB Rate Meeting This Thursday - ATFX

Forex: EURUSD Could Breakout on the ECB Rate Meeting This Thursday - ATFX For [...]

Posted on Tuesday, 23 Jul, 2019 / 3:17 under