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The Greenback strengthened against the Euro, following the US final gross domestic product data released on Wednesday. The EUR/USD currency pair lost only two pips, or 0.02%, in the first minute after the release, to continue fluctuating in the 1.2385 area.
The Bureau of Economic Analysis revealed higher final GDP in the Q4 2017, however the market remained almost unchanged. The Bureau of Economic Analysis reported a growth of 2.9%, surpassing the expectations and following a 3.2% growth rate recorded in the previous period. One of the main reasons for the US economy to expand more than forecast is the increase in consumer spending.
| Historical Data Table: US Final GDP q/q | Economic Calendar for 29.03.2018 | ||||||||
| Date | 30.03.2017 | 29.06.2017 | 28.09.2017 | 21.12.2017 | 28.03.2017 | 8:30 AM | UK Current Account | ||
| Actual | 2.10% | 1.40% | 3.10% | 3.20% | 2.90% | 12:30 PM | CAD GDP m/m | ||
| Forecast | 2.00% | 1.20% | 3.00% | 3.30% | 2.70% | 12:30 PM | US Unemployment Claims | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.76869 | 0.76863 | -0.01% | AUD/USD | 59.24% | 40.76% | |||
| EUR/USD | 1.23935 | 1.23911 | -0.02% | EUR/USD | 43.57% | 56.43% | |||
| USD/JPY | 106.279 | 106.276 | 0.00% | USD/JPY | 64.69% | 35.31% | |||
| NZD/USD | 0.72615 | 0.72601 | -0.02% | NZD/USD | 42.85% | 57.15% | |||