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EUR/USD Rises Despite Upward Revision to US GDP

US gross domestic product received an upward revision to its reading for the second quarter of this year. But that did not prevent EUR/USD from halting its decline today.

GDP rose 3.1% in Q2 2017 according to the final estimate after increasing 1.2% in Q1. The actual reading was a bit better than the average forecast and the previous estimate of 3.0%. (Event A on the chart.)

Initial jobless claims were at the seasonally adjusted rate of 272k last week. That is compared to the consensus estimate of 269k and the previous week’s reading of 260k. (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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