The US GDP data contributed to the temporary decline of EUR/USD on Friday. The Euro lost 0.11% against the Greenback, though the following report on the US consumer sentiment caused 33 base points gain, putting the pair to 1.1613, where it returned again by the session end.
The Commerce Department revealed that the US gross domestic product marked a 3.0% yearly growth pace in the third quarter, fuelled by higher business investment, while consumer spending growth eased slightly as incomes were hurt by hurricanes. Separate report showed that the US consumer sentiment remained at lofty levels over the course of October and was expected to improve further. Meanwhile, economists anticipate the Fed to raise rates one more time in December.
| Historical Data Table: US GDP q/q | Economic Calendar for 30.10.2017 | ||||||||
| Date | 28.10.2016 | 27.01.2017 | 28.04.2017 | 28.07.2017 | 27.10.2017 | 12:30 PM | US Core PCE - Price Index | ||
| Actual | 2.9% | 1.9% | 0.7% | 2.6% | 3.0% | 1:00 PM | German CPI | ||
| Forecast | 2.5% | 2.1% | 1.3% | 2.5% | 2.6% | 9:45 PM | NZD Building Permits | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.76402 | 0.76344 | -0.08% | AUD/USD | 47.98% | 52.02% | |||
| EUR/USD | 1.16083 | 1.15959 | -0.11% | EUR/USD | 47.18% | 52.82% | |||
| USD/JPY | 114.188 | 114.325 | 0.12% | USD/JPY | 37.26% | 62.74% | |||
| NZD/USD | 0.6844 | 0.68307 | -0.19% | NZD/USD | 67.75% | 32.25% | |||