The US economy advanced by an annualized 6.6% % in the second quarter, following a 6.4 % expansion in the previous three-month period, slightly below analysts’ estimate of 6.7%, the second estimate showed. Personal consumption +11.9% vs +11.8% advance reading, GDP price index +6.1% vs +6.1% advance, Core PCE +6.1% vs +6.1% expected, GDP final sales vs +7.7% advance.
The number of Americans filling for unemployment benefits was 0.353 million in the week ended August 21st, compared to 0.348 million reported in the previous week. Today’s reading came in above market expectations of 0.350 million. Claims are still far from 200 thousand level reported back in February.
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Create account Try a demo Download mobile app Download mobile appContinuing claims reading, which lags initial jobless claims data by one week, rose to 2.862 million, while analysts expected a decrease to 2.790 million.
EURUSD - initially currency pair rose slightly after publication of today's data, however buyers manage to quickly regain control and price is testing the lower limit of triangle formation. Source:xStation5
