EUR/USD: US Prelim GDP

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

The European Single Currency depreciated against the US Dollar, following the US Prelim GDP data release on Wednesday at 13:30 GMT. The EUR/USD exchange currency rate lost 2 pips or 0.02% during a minute, right after the release. The European Single Currency continued trading at the 1.1276 area against the US Dollar.

The Bureau of Economic Analysis released US Prelim GDP data that came out lower than expected of 3.5 compared with forecasted 3.6%.

The Bureau of Economic Analysis noted: "Real gross domestic product (GDP) increased 3.5 percent in the third quarter of 2018, according to the "second" estimate released by the Bureau of Economic Analysis. The growth rate was unrevised from the "advance" estimate released in October. In the second quarter, real GDP increased 4.2 percent. "

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Historical Data Table: Prelim GDP q/q  Economic Calendar for 30.11.2018
           
Date 29.11.2017 28.02.2018 30.05.2018 29.08.2018 28.11.2018 All Day G20 Meetings
Actual 2.60% 2.50% 2.20% 4.20% 3.50% 13:30 PM CAD GDP m/m
Forecast 3.30% 2.50% 2.30% 4.00% 3.60% 14:00 PM US FOMC Member Williams Speaks
           
Initial Reaction on Main Pairs SWFX Sentiment Indexes
           
  Open Price Close Price % Change   Longs Shorts
AUD/USD 0.72383 0.72389 0.01% AUD/USD 57.76% 42.24%
EUR/USD 1.12863 1.12861 0.00% EUR/USD 51.65% 48.35%
USD/JPY 113.849 113.85 0.00% USD/JPY 34.00% 66.00%
NZD/USD 0.67945 0.6795 0.01% NZD/USD 53.12% 46.88%

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