The European Common Currency depreciated against the US Dollar, following the US Advance GDP data release on Friday at 12:30 GMT. The EUR/USD exchange currency rate lost 24 pips or 0.22% right after the release. The Euro continued trading at the 1.1145 level against the US Dollar.
Bureau of Economic Analysis released the US Advance GDP data that came out better-than-expected of 3.2% compared with forecast 2.2%.
According to the official release: "The increase in real GDP reflected increases in consumer spending, inventory investment, exports, government spending, and business investment that were partly offset by a decrease in housing investment. Imports, which are a subtraction in the calculation of GDP, decreased in the first quarter."
| Date | 26.01.18 | 27.04.18 | 27.07.18 | 26.10.18 | 24.04.19 |
|---|---|---|---|---|---|
| Actual | 2.6% | 2.3% | 4.1% | 3.5% | 3.2% |
| Forecast | 3.0% | 2.0% | 4.2% | 3.3% | 2.2% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.70361 | 0.70353 | -0.01% |
| EUR/USD | 1.11359 | 1.1126 | -0.09% |
| NZD/USD | 0.66525 | 0.66491 | -0.05% |
| USD/JPY | 111.803 | 111.908 | 0.09% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 73.9% | 26.1% |
| EUR/USD | 32.7% | 67.3% |
| NZD/USD | 71.1% | 28.9% |
| USD/JPY | 35.8% | 64.2% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 12:30 | CAD | GDP m/m | - | 0.3% |
| 14:00 | USD | CB Consumer Confidence | - | 124.1 |
| 22:45 | NZD | Employment Change q/q | - | 0.1% |