US GDP is above expected

Source: Dukascopy Bank SA


The United States statisticians have just released the Preliminary quarterly GDP and weekly Unemployment Claims.

The GDP was forecast to show an increase of 2.8%. Actual number is 3.0%.

The Unemployment Claims were expected to show 232,000 claims. The forecast was almost exact, as 231,000 people have claimed unemployment benefits.

The US Dollar initially reacted to the news with a minor spike up, as the good data is sort of a signal that the Fed might not need to cut rates, despite the rate cut already being priced in.
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Fri, 30 Aug 2024 12:43:09 GMT

US PCE inflation meets forecast

The US Bureau of Economic Analysis has published the Core Personal Consumption Expenditures index data. In general, the release confirmed the market expectations and the Dollar remained flat. The data was forecast to show an increase of 0.2%. The forecast was correct. Month on month inflation is 0.2%.

Thu, 29 Aug 2024 08:15:22 GMT

Spanish CPI causes major EUR move

On Thursday morning, a previously not noted macroeconomic data release caused a major Euro decline. The publication of the Spanish Flash CPI revealed information that inflation in the Euro Zone might be far below what was previously assumed. The Spanish Flash CPI was expected to show a stunning decline of inflation, down to 2.4% from the previous 2.8%. The actual

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