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September 26th - Gross Domestic Product And Purchases, Michigan Consumer Sentiment Index

This week the market is calm... very quiet. We have some events in the forex calendar but I think we should wait for the next week with the nonfarm payrolls.12:30 GMT: Gross Domestic Product. The Gross Domestic Product annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produc

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GBP/USD: Pound drops to 1.4600 after GDP data

FXstreet.com (Barcelona) ? The Pound seems to have been hammered by UK GDP data, and the Pair has dropped about 80 pips from 1.4675 to levels right at Apr 23 low 1.4595. UK Gross Domestic Product relative to the first quarter has been released to have dropped 1.9% in the first quarter and 4.1% year on year, according to preliminary estimations by National Statistics. The quarterly decline has been the largest since 1979.The Sterling, which was attempting to recover from

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Forex: GBP/USD falls below 1.4700 after worse than expected US GDP

Fxstreet.com (Barcelona) - GBP/USD is falling after the worse than expected US GDP, the pair has fallen around 40 pips from 1.4740 to test the 1.4700 level. On the day, The pair has risen 0.40% from opening price at 1.4641 to the currently range of 1.4695/1.4505.The US annualized Gross Domestic Product has fallen 6.1% in the first quarter of the year, well below of 5.0% decreases expected bu market but better than 6.3% decreases posted in the previous quarter. GDP

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Forex: USD/CHF finds support at 1.1350 and is back to test 1.1400 level

FXstreet.com (Barcelona) - After falling around 75 pips in the European session from 1.1424 to reach 1.1349, fresh intra-week low, the USD/CHF has begun to rise to test 1.1400 level after the US GDP 1Q data releases. Currently the pair is trading around 1.1380/90, 0.45% decreases so far today from opening price at 1.1438.The US annualized Gross Domestic Product has fallen 6.1% in the first quarter of the year, well below of 5.0% decreases expected bu market but better than

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GBP/USD: Pound drops to 1.4600 after GDP data

FXstreet.com (Barcelona) ? The Pound seems to have been hammered by UK GDP data, and the Pair has dropped about 80 pips from 1.4675 to levels right at Apr 23 low 1.4595. UK Gross Domestic Product relative to the first quarter has been released to have dropped 1.9% in the first quarter and 4.1% year on year, according to preliminary estimations by National Statistics. The quarterly decline has been the largest since 1979.The Sterling, which was attempting to recover from

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Forex: EUR/USD falls to test 1.3230 on US GBP data

Fxstreet.com (Barcelona) - Euro has fallen around 50 pips against Dollar after the US GDP 1Q data, from 1.3270, ahead data releases, to 1.3223. Currently the pair is trading around 1.3225/35 after rising 0.75% so far today from opening price at 1.3130.The US annualized Gross Domestic Product has fallen 6.1% in the first quarter of the year, well below of 5.0% decreases expected bu market but better than 6.3% decreases posted in the previous quarter. GDP price index rises 2.9%

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Volatile Day for Euro as Intervention News Rocks FX Markets

It looks to be a volatile day for the euro as data sends out mixed signals for the U.S. economy and the Swiss National Bank cuts interest rates and announces it is buying euros.Overnight negative sentiment took over currency markets as the U.S. dollar made broad gains across the board. EUR/USD hit session lows at 1.2740 USD. The euro is once again under pressure following a 25 basis point cut from the Swiss National Bank. EUR/USD is

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October 30th - Gross Domestic Product And Purchases, Jobless Rate

Only one trade today: we will follow the short term trend on USD CHF. In the forex calendar: 08:55 GMT: Unemployment Rate s.a. The Unemployment Rate released by the Bundesagentur für Arbeit shows , in a percent basis, the amount of unemployed people in Germany. A decrease in this indicator has positive implications for consumer spending which stimu

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Trading Ideas - Unemployment Rate, Gross Domestic Product, Gfk Consumer Confidence - August 28th

Hello,today we have some events in our economic calendar which can affect the price of EUR, USD and JPY.07:55 GMT: Unemployment rate in Germany. The Unemployment Rate released by the Bundesagentur für Arbeit shows , in a percent basis, the amount of unemployed people in Germany. A decrease in this indicator has positive implications for consumer sp

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Eurozone GDP post largest fall on record in 1Q; Euro and Pound pick up

FXstreet.com (Barcelona) - Eurozone's economy has registered the largest quarterly drop since records began in 1995; Gross Domestic Product posted a 2.5% drop on the quarter and a 4.6% year on year decline.Despite such discouraging news The Euro's immediate reaction was appreciation, the Euro has bounced up at 1.3550 and reached 1.3575 minutes after GDP data was released.The Pound is hesitant after GDP data, moving from 1.5170 to 1.5185, after having declined from 1.5245 high before the release of Euro

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