Gross Domestic Product, Second Quarter 2019 (Advance Estimate) | Metals Mine

  • Gross Domestic Product, Second Quarter 2019 (Advance Estimate)

    From bea.gov

    Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2019 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent. The Bureau's second-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see "Source Data for the Advance Estimate" on page 2). The "second" estimate for the second quarter, based on more complete data, will be released on August 29, 2019. The increase in real GDP in the second quarter ... (full story)

Added at 7:37am

  • GDP slows to 2.1% in second-quarter but beats expectations

    From cnbc.com

    Growth decelerated in the second quarter, but not by as much as Wall Street thought, as tariffs and a global slowdown weighed on the U.S. economy, the Commerce Department reported Friday. GDP increased 2.1%, down from 3.1% from the first quarter, the weakest increase since the first quarter of 2017 as President Donald Trump took office. Dow Jones estimates were for 2% growth. The report comes amid growing concern that the weakening growth hitting much of the world’s economy is spilling over into the U.S. While consumer activity has been strong, manufacturing growth has slumped recently and housing remains a weak ... (full story)

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NotAtrader
Jul 26, 2019 7:36am
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Despite all problems with Boeing. So...? Anybody still expects rate cut?

Yeah it could happen but not because of bad US economy. Because of the global economy.
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NotAtrader
Jul 26, 2019 8:03am
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Quoting jegas
{quote} Exactly ,every gaints try to stop the break even point 1.10900 levels falling,if it happen another one EU Rally start,but anything happen in forex,who know ?
EURUSD M5, M15, M30 and H1 looks to me like expanding triangle. It will breakout somewhere with tremendous power. It will probably keep compressing until the FOMC decision next week, but then......
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OnlineAddict
Jul 26, 2019 8:40am
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Quoting NotAtrader
US dollar index as we speak: 97.610
Its not the same with with every provider.
Fxstreet 97.93
Investing 97.66
Quite a difference.
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jegas
Jul 26, 2019 7:53am
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Quoting Rakeem
Very hard support on eur/usd, someone put a lot of money to prevent fall, but.....
Exactly ,every gaints try to stop the break even point 1.10900 levels falling,if it happen another one EU Rally start,but anything happen in forex,who know ?
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sadeghi
Jul 26, 2019 8:04am
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Quoting Rakeem
{quote} But GDP price index jumps a lot, this is good for inflation.
yes, it's correct, but based on what Powell had said, 5% was so optimistic, nevertheless it's lower ( 2.4% )
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OnlineAddict
Jul 26, 2019 8:22am
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Thats it for USD, topping is done...we can go down now. First target 95, so about 250-300 pips. Ignore the usual noise in between.
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NotAtrader
Jul 26, 2019 8:31am
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US dollar index as we speak: 97.610
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Bakker
Jul 26, 2019 11:52am
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Yesterday's green doji on daily is very strong sign that a break to the upside is coming. That's for Eur/USD
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Bakker
Jul 26, 2019 11:55am
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It takes 6 bars on any time frame to confirm a turning point.
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mae4206
Jul 26, 2019 7:52am
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2.1% yet traders still buying usd like 5% gdp....idiot, time to sell usd
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sadeghi
Jul 26, 2019 7:50am
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GDP decreased %1 but USD went up!!! they say it was better than expected!!! the problem was inflation not good GDP, GDP price is less than expected. i cant find any reason for going up usd, not only there is still the previous problem ( inflationary pressure ) but GDP also decreased, under any conditions USD must go up
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Spmt
Jul 26, 2019 8:03am
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GDP fall not good for USD previously they were counting GDP strong so no rate cut even inflation dropped now GDP fall as well
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Rakeem
Jul 26, 2019 7:55am
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Quoting sadeghi
GDP decreased %1 but USD went up!!! they say it was better than expected!!! the problem was inflation not good GDP, GDP price is less than expected. i cant find any reason for going up usd, not only there is still the previous problem ( inflationary pressure ) but GDP also decreased, under any conditions USD must go up
But GDP price index jumps a lot, this is good for inflation.
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Ghass1234
Jul 26, 2019 8:20am
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USD is getting Sold , Why ?
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Rakeem
Jul 26, 2019 7:40am
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Very hard support on eur/usd, someone put a lot of money to prevent fall, but.....
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Trader#6109
Jul 26, 2019 7:47am
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Rakeem:
That is a very interesting comment you just made. Is it true, as in a known fact? I followed both Euro and NZD\USD, who acted like nothing important happened (even though NZD should be cutting rates in about a week). Strange things....
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