Online Forex broker
In the third quarter, the American economy speeded down more than previously anticipated, while momentum happens to have softened further in the fourth quarter. Last month, new orders as well as shipments of manufactured capital goods decreased.
Surge in the October-December quarter could still be firm and keep the American economy on track on the way to the current presidential administration’s 3% objective this year. In November, consumer spending, accounting for over two-thirds of the country’s economy went up firmly, as other data revealed.
As a matter of fact, the country’s gross domestic product rallied at a 3.4% annualized rate. The given outcome turned out to be down from the 3.5% tempo assessed in November and also above the American economy's surge potential that financial analysts assess to be nearly 2%.
Eventually, the revisions to the third-quarter GDP outcome actually reflected markdowns to experts and consumer spending. What’s more, there were a series of downward updates of business spending on equipment as well as nonresidential structures, in addition to residential investment.
The given downward updates were partially compensated by a greater accumulation of inventory than earlier anticipated. In the April-June quarter, the American economy managed to surge at a 4.2% tempo.
Meanwhile, on Wednesday, the main American financial institution had its interest rates ramped up. The US major bank has done it for the fourth time in 2018. However, the Federal Reserve foresaw fewer rate lifts in 2019 and also hinted that its tightening cycle is approaching an end against the backdrop of financial market volatility as well as decelerating global surge.
As for American stock markets, they weren’t moved a lot by the data due to the fact that market participants closely watched political developments in the US government, noting that US leader threatened a long" government shutdown several hours ahead of a midnight deadline.
The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.
During the European trading session, both the US and the UK yield curves inverted.
Levels for Wednesday's trading
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
