Q1 2018 US GDP preliminary data 27 April 2018
- Prior 2.9%. Revised to 2.3%
- Consumer spending 1.1% vs 1.1% exp. Prior 4.0%
- Deflator 2.0% vs 2.2% exp. Prior 2.3%
- PCE prices 2.7% vs 2.6% exp. Prior 2.7%
- Core PCE 2.5% vs 2.4% exp. Prior 1.9%
- Sales 1.9% vs 1.4% exp. Prior 3.4%
- Employment wages 0.9% vs 0.5% prior
- Benefits 0.7% vs 0.5% prior
- Overall costs 0.8% vs 0.7% exp . Prior 0.6%
Better than expected in most case but what’s disappointing is the Q4 revision.
USDJPY likes it the most and it’s given it an excuse to knock out the barrier at 109.50. Next stop 110.00?
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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