The Bureau of Economic Analysis released US Advance GDP data that came out better than expected of 3.5%, compare to forecasted 3.3%.
The Bureau of Economic Analysis noted: "The deceleration in real GDP growth in the third quarter reflected a downturn in exports and a deceleration in nonresidential fixed investment. Imports increased in the third quarter after decreasing in the second. These movements were partly offset by an upturn in private inventory investment".
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| Historical Data Table: Advance GDP q/q | Economic Calendar for 30.10.2018 | ||||||||
| Date | 27.10.2017 | 26.01.2018 | 27.04.2018 | 30.07.2018 | 26.10.2018 | 12:30 PM | US Core PCE Price Index m/m | ||
| Actual | 3.00% | 2.60% | 2.30% | 4.10% | 3.50% | 12:30 PM | US Personal Spending m/m | ||
| Forecast | 2.60% | 3.00% | 2.00% | 4.20% | 3.30% | Tentative | UK Autumn Forecast Statement | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.703 | 0.70308 | 0.01% | AUD/USD | 63.03% | 36.97% | |||
| EUR/USD | 1.13436 | 1.13437 | 0.00% | EUR/USD | 63.81% | 36.19% | |||
| USD/JPY | 112.07 | 112.152 | 0.07% | USD/JPY | 44.97% | 55.03% | |||
| NZD/USD | 0.64694 | 0.64683 | -0.02% | NZD/USD | 53.68% | 46.32% | |||