US GDP surprises markets

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Market consensus forecast was that the quarterly US Advance GDP will show 2.0% growth. Actual released number is a stunning 2.8%.

Initially the news caused an upward move of US stocks and the US Dollar.

However, the Bureau of Economic downgraded the previous reading from 1.6% down to 1.4%, which initiated a reversal of the initial spike up of the Dollar.
Back to articles

Actual Topics

Fri, 26 Jul 2024 12:49:48 GMT

Core PCE inflation increases 0.2%

The US Bureau of Economic Analysis has published the Core Personal Consumption Expenditures Index. This index reveals inflation at the consumer level. Prices have increased by 0.2%, as expected by market analysts. The US Dollar is reacting to the news by increasing its volatility without a clear direction. In the current market environment inflation remains the top macroeconomic aspect to watch.

Wed, 24 Jul 2024 13:55:51 GMT

Bank of Canada cuts interest rates

At 13:45 GMT, Bank of Canada lowers interest as it was forecasted, by 0.25 basis points. Current interest rate defined by Bank of Canada's monetary policy is 4.50 %. Canadian Dollar is reacting to the downside. Lower rates are better for the consumer looking forward.

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.