Daily Market Roundup: US ? Feb 27

Daily Market Roundup: US ? Feb 27

By: Simon Furman | Where To Trade | On:27-02-2015 16:48
Back

Key Highlights

  • US dollar gained traction during the NY session, as the economic releases exceeded the forecast.

  • In the US, the Gross Domestic Product Annualized released by the US Bureau of Economic Analysis registered a gain of 0.1% in the fourth quarter of 2014, whereas the expectation was of no change, 0%.

  • In terms of the yearly change the US GDP increased by 2.2% in the fourth quarter of 2014, compared to the forecast of 2.1%.

  • US Personal Consumption Expenditures, released by US Department of Commerce registered a decrease of 0.4% in the fourth quarter of 2014, compared to Q4 2013.

Key Releases:

US GDP (US Dollar)

US Personal Consumption Expenditures (US Dollar)

US GDP

Earlier during the NY session, the US Gross Domestic Product was released by the US Bureau of Economic Analysis. The forecast was lined up for no change in the fourth quarter of 2014, compared to the same quarter a year ago. However, the outcome was better than expected, as the US Gross Domestic Product managed to post an increase of 0.1%. In terms of the yearly change, the US GDP increased by 2.2% in the fourth quarter of 2014, compared to the same quarter a year ago.

The report mentioned that the increase in real GDP in the fourth quarter was mainly due to the positive contributions from personal consumption expenditures (PCE), nonresidential fixed investment, exports, state and local government spending and residential fixed investment. Moreover, the price index for gross domestic purchases declined by around 0.1% in the fourth quarter, and when we exclude food and energy prices, the price index for gross domestic purchases rose by more than 0.6%.

The US Personal Consumption Expenditures was also released by US Department of Commerce. The market was expecting a decline of 0.5% in fourth quarter of 2014, compared to the preceding quarter. However, the outcome was just above the forecast, as it came in at -0.5%.

Looking Ahead

The Futures for the Dow Jones Industrial Average the S&P 500 index was broadly unchanged, and there was no real action in the futures market.

The forex market was also quiet, as the EURUSD pair was seen trading in a range, and GBPUSD was seen consolidating around the 1.5400 area. The USDCAD pair fell initially towards the 1.2460 support area, but later managed to gain ground to trade back higher towards the 1.2500 area where the US dollar sellers might appear again.

 

Simon Furman

Simon Furman

Think Global - Act Local

Simon Furman is one of the best financial analyst with 27 years of trading experience

By:  |  | On:2016-11-10
Against all odds, the Asian markets opened higher

Against all odds, the Asian markets opened higher

By: Simon Furman | Where To Trade | On:Wednesday, November 10, 2016

Asian shares tumbled starting Wednesday, when the election poll trickled in and the Republican candidate had a clear advantage

Free Forex Seminar Coming Up in Budapest

Free Forex Seminar Coming Up in Budapest

By: James Ansher | XM | On:November 10, 2016

Designed for both novice and more advanced traders, the topic of the seminar provide useful information about the practical use of price risk levels, including various techniques used in risk management

Donald Trump has been elected as the 45th president of the United States of America

Donald Trump has been elected as the 45th president of the United States of America

By: Oliver Miller | Where To Trade | On:November 9, 2016

After tumbling overnight, the dollar strengthened during and after Donald Trump’s first speech as the elected President of the United States

Gold Futures were up 0.61%, to trade at $1,326.95 an ounce

Gold Futures were up 0.61%, to trade at $1,326.95 an ounce

By: Darryl Frankfort | Where To Trade | On:Monday, October 31, 2016

Monday, October 31, 2016 - Stocks were mixed at the end of the day. The Dow Jones Industrial Average closed 0.10% lower at 18,142.42, while the S&P 500 Index rose 0.01% closing at 2,126.15.

StockPair

Press Release

YesOption Voted Best Technical Analysis by DailyForex

YesOption Voted Best Technical Analysis by DailyForex

August 12, 2014 - London, UK, - Leading online forex and binary options trading platform - www.yesoption.com has once again made the news by being awarded the prestigious award of ‘Best Technical Analysis of 2014’ ...
24option binary options broker review

24option binary options broker review

Plus500Findings.com is recently launched online to help traders decide which broker they could open an account. 24Option, one of the popular trading platform online is reviewed whether it is legitimate broker or scam. This reviews and findings are of great benefits for traders, especially for those novice ones, who are just starting in the trading industry. ...
Banc De Binary Expands Investment Research Service

Banc De Binary Expands Investment Research Service

Leading Investment Firm, Banc De Binary, which specializes in binary options trading, has added a new weekly video series and trading webinars to the investment research service that it provides to its clients. ...

Articles

Citigroup Inc. is to pay $25 million amends

Citigroup Inc. is to pay $25 million amends

Citigroup accepted to pay the amends without denying the accusation ...
Netflix added 7.1 million new subscribers

Netflix added 7.1 million new subscribers

Netflix Inc. managed to add in the last quarter of 2016 more subscribers than expected ...
The Federal Reserve Chair Janet Yellen is set to have another speech on Thursday

The Federal Reserve Chair Janet Yellen is set to have another speech on Thursday

On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy ...
StockPair

Featured Listings