Fx Primus Rebates

US GDP coming up later

Some thoughts on market positioning I see on the comments that we’re already itching for the US GDP number coming up during the US session. With , we see that technicals are set up for fundamentals to do their thing.

Fx Primus Rebates

More on the benchmark revisions to GDP

Along with today’s report came a batch of revisions that went back many years The big shift in the benchmark revisions was that the 2017 personal savings rate nearly doubled to 6.7% from 3.4%. That means consumers have far more firepower than believed, and that the 4.0% rise in Q2 consumption reported today could be…

Fx Primus Rebates

US Q2 advance GDP +4.1% vs +4.2% expected

The first look at second quarter growth Inflation readings The personal consumption reading is impressive and it might help to put a floor under USD/JPY. On second look, there is a lot to like about this report and it’s likely to mean estimates for the remainder of the year are bumped up.

Fx Primus Rebates

Three quick thoughts ahead of Q2 US GDP

The first look at US second quarter GDP is due at the bottom of the hour 1) Trump couldn’t have had the number On Monday, Fox Business reported that Trump had been telling associates about a strong GDP number. He told at least one associate of a 4.8% reading, according to the report, which was…