The European Common Currency traded sideways against the US Dollar, following the US Prelim GDP data release on Tuesday at 12:30 GMT. The EUR/USD exchange currency rate gained 4 pips or 0.04% right after the release. The Euro continued trading at the 1.1140 level against the Greenback.
[/ANNOUNCE]Bureau of Economic Analysis released the US Prelim GDP data, which came out in line with expectations of 3.1%.
According to the official release: "Today's estimate reflects downward revisions to nonresidential fixed investment and private inventory investment and upward revisions to exports and personal consumption expenditures (PCE). Imports, which are a subtraction in the calculation of GDP, were revised up; the general picture of economic growth remains the same."
| Date | 29.11.17 | 28.02.18 | 30.05.18 | 29.06.18 | 30.05.19 |
|---|---|---|---|---|---|
| Actual | 3.3% | 2.5% | 2.2% | 4.2% | 3.1% |
| Forecast | 3.3% | 2.5% | 2.3% | 4.0% | 3.1% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.69194 | 0.6922 | 0.04% |
| EUR/USD | 1.11358 | 1.11403 | 0.04% |
| NZD/USD | 0.65148 | 0.65164 | 0.02% |
| USD/JPY | 109.731 | 109.691 | -0.04% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 70.3% | 29.8% |
| EUR/USD | 39.0% | 61.0% |
| NZD/USD | 74.1% | 25.9% |
| USD/JPY | 65.2% | 34.8% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:00 | CNY | Manufacturing PMI | 49.9 | 50.1 |
| 8:00 | EUR | German Prelim CPI m/m | 0.3% | 1.0% |
| 12:30 | CAD | GDP m/m | 0.3% | -0.1% |