All Articles Tagged - US GDP

European Session – Dollar boosted by GDP, pending home sales and consumer sentiment data

Posted on February 27, 2015 at 3:25 pm GMT

The euro made a slight recovery against the dollar during the European session, to reach a high of 1.1244 but fell sharply as the US session came around, to reach a low of 1.1175. Positive news out of Europe today was that of Germany’s parliament approving an extension of Greece’s loan by four months. Meanwhile, economic data helped support the single currency earlier in the European session as German inflation numbers printed higher-than-expected. The flash CPI reading for February increased [..]

Forex News – US third quarter GDP revised higher pointing to strong growth ahead

Posted on November 26, 2014 at 2:14 pm GMT

The US dollar rose on better-than-expected growth data on Tuesday but other mixed US data afterwards pared gains with downbeat housing prices and consumer confidence. Real gross domestic product (GDP) – the value of the production of goods and services adjusted for price changes – increased at an annual rate of 3.9% in the third quarter of 2014, according to the “second” estimate released by the US Bureau of Economic Analysis. In the advance estimate, the increase in real GDP [..]

European Session – Australian dollar at weakest in 4-years after Lowe comments

Posted on November 25, 2014 at 2:26 pm GMT

The main theme was dollar strength in today’s European session. The euro rose early in the session after Germany’s third GDP showed 0.1% growth in the quarter after a 0.2% contraction in the second quarter. The market focus now turns to Thursday’s appearance by European Central Bank President Mario Draghi followed by Friday’s flash Eurozone CPI data. The euro fell from a session high of 1.2442 to 1.2401 after US GDP data showed the third quarter growth rate was revised [..]

European Session – Dollar rises on headline US Q3 GDP

Posted on October 30, 2014 at 2:35 pm GMT

The US dollar held onto gains today following upbeat US third quarter growth numbers. The advance reading of GDP rose at an annual rate of 3.5% between July and September, which beat forecasts by 0.5%. The main driver behind expansion in Q3 was a jump in military spending, (the highest in 5 years) and solid gains in business investment and export sales. Today’s data follow a 4.6% rebound in Q2 GDP but despite the Q3 figure being lower, economists believe [..]

European Session – Dollar boosted by US GDP figures

Posted on September 26, 2014 at 2:00 pm GMT

The last day of the trading week was relatively quiet start due to lack of key data releases, with broad dollar strength being the main theme in currency markets today. The dollar is set to complete its 11th consecutive week of gains in a basket of six major currencies. Today’s release of final US GDP for the second quarter rose to 4.6% as expected above the previous estimate of 4.2% and well above the initial estimate of just 3%, helped [..]

European Session – Euro vulnerable after weak data, dollar boosted by upbeat US GDP

Posted on August 28, 2014 at 1:38 pm GMT

The euro was weak as data from the Eurozone was disappointing, with falling consumer and economic confidence and German inflation numbers being soft. Eurozone sentiment surveys were overall weak and German CPI was flat in August, in line with expectations after a 0.3% rise the previous month. Economic morale in August was the worst since December 2013, falling more-than-expected to 100.6 from a previous revised 102.1 in July. After early attempts to breach the key 1.3200 level, the euro fell [..]

Forex News – Week Ahead: String of US data to watch for

Posted on August 22, 2014 at 2:48 pm GMT

After this week’s highlight event at Jackson Hole, the markets’ focus next week will remain on the United States where a series of important data will be released, including growth numbers. On Monday, the US will release Commerce Department will releases figures for new home sales, which are forecast to show a rebound in July. On Tuesday, durable goods orders are due. Thursday will be important as the second estimate of gross domestic product (GDP) for the three-month period will [..]

Asian Session – US dollar holds gains after strong GDP data, dovish Fed

Posted on July 31, 2014 at 6:37 am GMT

The US dollar continued to climb higher following an impressive set of GDP numbers, but its gains were held back by the Federal Reserve’s statement. The US dollar was particularly strong against the Japanese yen, as it rose to 102.72 from around 102.11 the previous day. The Australian dollar was also a victim of dollar strength, as it fell to 0.9322, after briefly touching 0.9301 following weaker-than-expected building approvals in Australia during June. Sterling and the euro also posted small [..]

European Session – Euro extends losses after dollar surges on US GDP

Posted on July 30, 2014 at 1:44 pm GMT

The dollar was well bid throughout the day ahead of an event-filled calendar and rallied sharply after strong US GDP data. The euro fell to a fresh 8-month trough and was not sensitive to German inflation data which showed a rise to 0.3% on the month, versus forecasts of 0.2%, and was unchanged from the previous month. The main driver of euro weakness was the broadly stronger dollar which saw demand ahead of the US data. The euro accelerated its [..]

Asian Session – US GDP contraction keeps dollar under pressure

Posted on June 26, 2014 at 6:42 am GMT

The US dollar found itself on the defensive following a much worse-than-expected revision to economic growth during the first quarter. This was another hole in the bullish dollar case as it was quite hard to justify such a significant contraction only with bad weather and inventory accumulation. The figures will impact GDP growth for the year as a whole as it is quite unlikely the economy will be able to grow fast enough in order to register growth that surpasses [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

US GDP

XM Live Chat