BREAKING: USD extends gains after US GDP first release 💵

US GDP QoQ Advance Actual 2.8% (Forecast 2.9%, Previous 3%)
US Core PCE Prices Advance Actual 2.2% (Forecast 2.1%, Previous 2.8%)

The U.S. dollar extended gains following the release of the initial Q2 GDP report, which, despite indicating strong economic growth at 2.9%, fell below expectations.

Preliminary data shows another quarter of strong U.S. economic growth. With such figures, investors aren’t concerned about an impending recession. The dollar is gaining because a strong economy combined with a robust labor market (ADP) increases the likelihood of a hawkish stance from the Fed at its next meeting in November.

21 October 2026, 7:07 PM

Daily Summary: SpaceX and the tech sector drive Wall Street, oil retreats sharply below $97

21 October 2026, 4:58 PM

Russia is selling off gold reserves. Why, to whom, and does it matter for the market?

21 October 2026, 3:59 PM

BREAKING: US oil inventories fall more than expected, but distillate build cools enthusiasm

21 October 2026, 8:17 AM

RBA turns increasingly hawkish as markets reprice November rate hike expectations ⚔️

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