Revised US GDP figures turned out to be a lot more bullish than analysts had expected. The economy grew at an annualized rate of 3.7% in the second quarter, much stronger than the 3.2% rate markets were expecting, instead of the originally estimated 2.3%. Thus, GDP is now estimated to have grown by an average 2.15% during the first half of the year, even after the dismal 0.6% first quarter expansion, which is on par with the post-recession trend.
The market reaction was straightforward: dollar was boosted against major counterparts. EUR/USD slid below 1.1250 and is now heading for the main support cluster 1.1155-1.1200. The test of this zone will determine the prevailing trend in this pair. Listed below are links to GBP/USD and EUR/JPY ideas.
The market reaction was straightforward: dollar was boosted against major counterparts. EUR/USD slid below 1.1250 and is now heading for the main support cluster 1.1155-1.1200. The test of this zone will determine the prevailing trend in this pair. Listed below are links to GBP/USD and EUR/JPY ideas.
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Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
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Telegram: t.me/NixTrading
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.