2Q GDP fell 1.0% in the first estimate, while economists expected a 1.5% decrease. Despite falling less than expected, the 1Q was revised to the downside -6.4%. PCE climbed 1.3% after falling 1.5% in the 1Q. The PCE ex food and energy rose 2.0%, after increasing 1.1% in the 1Q. Stocks are falling strongly, and dollar winning big after the report. EUR/USD reached 1.4100 support, and GBP/USD is struggling with 1.6500. Let’s see if rally could extend under this points.
The Advisor Weblog
Subscribe
Categories
Archives
Recent Comments
- Jason on Hourly perspective for US session
- Sanjay on EUR/USD bullish continuation
- Somephon on Best pair to trade now: GBP/USD
- Valeria Bednarik on Best pair to trade now: GBP/USD
- Somephon on Best pair to trade now: GBP/USD
Tags
Add new tag Aud/Usd Boj Cad CFTC Chf Dolar Dolar trend dollar Dollar trend Education Eur/Chf Eur/Gbp EUR/INR Eur/Jpy EUR/SGD Euro eurusd FOMC Forex gbp Gbp/Jpy gbpusd Gold intervention Jpy Majors Majors sentiment Majors trend News Oil personal stuff rates Sentiment Stocks Swiss Franc Technical Education Trend Usd Usd/Cad Usd/Chf USD/INR USD/SGD usdjpy YenFXstreet.com Weblogs
Links
Follow the markets with 
