The United States Economy grew at a lower pace than expected for the first quarter of 2013. The GDP figure was initially reported at 2.5%, the PreLim GDP figure shows a growth of only 2.4%.
The U.S. GDP is released in three phases. The first is the “Advanced” GDP figure, four weeks following the quarter’s end. The Advanced figure is usually what moves the markets the most. The PreLim (Preliminary) figure is released a month after the Advanced. Then the Final GDP figure is release at the end of the next quarter.
The EURUSD is on the rise, possibly in result of the GDP figure. Unemployment claims were higher than expected today too, being released at 354K, 10K more than last week.
At 10 am EST, Pending Home Sales in the U.S. will also be reported.
Big day for U.S. Dollar news and so far, it isn’t looking too good.
For news updates and more fundamental analysis, follow the Winner’s Edge account. Follow Casey’s twitter account, Nathan’s twitter account, and Tim’s twitter account too for Forex analysis, and trade ideas!
Latest posts by admin (see all)
- 10 Things You Need To Know About Fibonacci - December 13, 2017
- The Secret of Taking Profit and Why it is Important - December 9, 2017
- Martingale Strategy: All or Nothing and all Risk - December 9, 2017
Winner’s Edge Trading, as seen on: