With the US economy firing on all four cylinders heading into the 3rd quarter, largely thanks to the latent effects from Trump’s fiscal stimulus, moments ago the BEA reported that in its first estimate of Q3 GDP, the US economy continued to surprise to the upside, growing at an annualized rate of 3. By continuing to use this website, you agree to our use of cookies. A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. And yet, there is a “but. Which probably means that if Trump wishes to deal a knockout blow to Beijing, he has a roughly 3 month window in which to do it; in that case expect a sharp acceleration of tariffs and trade tensions in the dog days of summer In addition, there was a net downward revision of 23k to the data for April and May. In fact, the number would be the highest print since

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GDP Mobile Printing – GDP

The final offset was government consumption which added 0. IG Client Sentiment data shows While Personal consumption was indeed strong, rising 4. As a result, the implication is that the surge in growth is not the onset of the economy evolving lxopc10.gdp a new lxxopc710.gdp limit; rather, the frothiness in the second and third quarters really does appear to be largely due to a sugar high from tax cuts.

But don’t just read our analysis – put it to the rest. And while Trump will be delighted to take credit for the one-time surge in the US economy, even his economic advisors will realize that Q2 growth is merely pulling demand from the future a popular theme in this economic cycle.

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The GDP price index also missed, rising just 1. Gold may struggle to break the downtrend. This was the biggest quarterly inventory stocking since the lxopc710.gddp quarter of If you are new to foreign exchange, or if you would like to update your knowledge base, download our New to FX Guide and our Traits of Successful Traders to help you on your journey.

The President then doubled down on the greenback, saying that the US currency is too strong — and the Yuan and Euro are too weak — and that the strong USD is hurting the economy. The report points to lower private residential construction spending in Q2, and led us to revise our residential investment tracking lower for Q2. Despite the uplift, the outlook for gold remins negative while it continues to respect the downtrend from the April 11 high.

Mobile Printing

In total, Morgan Stanley sees net trade and inventories making up 2. The precious metal also trades below all thre moving averages and has just climbed out of oversold terrritory according to the RSI indicator. Commenting on the report, Bloomberg economist Carl Riccadonna observed the following: In fact, the number would be the highest print since Please try again later.

Commenting on this drop, CIBC economist Royce Mendes noes that ” business fixed investment showed up only flat on lxppc710.gdp quarter, possibly a sign that the most potent effects of the tax cuts are now in the rearview mirror. Which probably means that if Trump wishes to deal a knockout blow to Beijing, he has a roughly 3 month window in which to do it; in that case expect a sharp acceleration of tariffs and trade tensions in the dog days of summer However, our GDP tracker was left unchanged at 5.

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The data point to solid momentum in domestic activity in Q2, even as trade looks poised to contribute substantially to growth. Needless to say, a 5. Supply-siders will be disappointed to lxopc710.vdp business fixed investment essentially stalling out after a robust first half. All the other components of GDP were ugly, with nonresidential fixed investment, or spending on equipment, structures and intellectual property collapsing to just 0.

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The data pushed our PCE tracking estimate higher by two-tenths, and also led us to revise our inventories estimate higher. Yes No Please fill out this field.

You are subscribed to Nick Cawley. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk. We use a range of cookies to give you the best possible browsing experience. Upcoming Events Economic Event.

And yet, there is a “but. Fixed Investment subtracted You can learn more about our cookie lxopc710.gp hereor by following the link at the bottom of any page on our site. But the final number could be even higher: Fundamental analysis and financial markets.