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EUR/USD Rallies Undeterred by Positive Revision to US GDP

EUR/USD gained today, rising for the third consecutive day, undeterred by the positive revision to the first quarter’s US gross domestic product.

US GDP rose 1.4% in Q1 2017 while experts predicted the growth to be the same as in the preliminary reading — 1.2%. GDP increased 2.1% in Q4 2017. (Event A on the chart.)

Initial jobless claims were at the seasonally adjusted rate of 244k last week. That is compared to the previous week’s revised level of 242k and the predicted reading of 241k. (Event A on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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