US Q1 GDP Growth Revised Lower to -0.7%

US Q1 GDP Growth Revised Lower to -0.7%

The United States’ Q1 GDP growth was revised lower to -0.7% pace versus a 0.2% pace in the Advance report. It compares to a 2.2% clip from Q4. For the latest report, consumption was nudged lower to 1.8% versus 1.9% previously, and is down from a 4.4% Q4 rate. Fixed investment was bumped up to -1.3% versus -2.5% previously. This was due to a 2.8% drop in nonresidential activity, versus -3.4% previously, as structures fall 20.8% compared to -23.1% (in large part due to shrinking rig counts in the oil industry).

Residential construction was boosted to a 5.0% pace from the prior 1.3%. Government consumption was revised lower to -1.1% from -0.8%. Inventories added $15.0 bln, have of the original $30.3 bln contribution. Net exports subtracted $77.0 bln versus -$50.7 bln. The chain price index was steady at -0.1% previously, and is down from Q4′s 0.1% and Q3′s 1.4% rate. The core rate posted a 0.8% rate from 0.9% previously, and versus 1.1% in Q4 and 1.4% in Q3.

The US GDP figure was slightly better than expected and almost in line with analyst expectations. It therefore didn’t have a significant immediate impact on USD. The only dollar pair moving more strongly after the announcement is the USDCAD as the Canadian GDP number came out at the same time and was a disappointment. USDCAD is up by 0.66% at the time of writing and approaching yesterday’s shooting star high at 1.2538. Today’s high at the time of writing: 1.2518.  Fibonacci levels in the above chart point to potential support levels with 38.2% coinciding with 50 day SMA and 50% with a sideways move from mid-may. The US Dollar Index (DXY) is still trading at intraday support created by lower Bollinger Bands that have supported the index since yesterday.

Janne Muta

Chief Market Analyst

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jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

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Free Forex Signals Forex 12/17/2014

#UDSX             88.25—-86.65    Sell at the Top,   Stop Loss 20 pips, Target at the Buttom
EUR/USD     1.2560—-1.2470  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
GBP/USD     1.5800—-1.5680  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
USD/JPY     117.20—-115.80  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
AUD/USD     0.8250—0.8180   Buy at the Buttom, Stop Loss 30 pips, Target at the Top
USD/CHF     0.9635—-0.9555  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
USD/CAD     1.1670—-1.1570  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
GOLD             1202.00—1180.00  Sell at the Top, Stop Loss 10 Dollar, Target at the Buttom
Silver             15.95—15.25      Sell at the Top, Stop Loss 0.25 Dollar, Target at the Buttom

 

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Free Forex Signals Forex 12/15/2014

#UDSX             88.60—-88.10    Buy at the Buttom, Stop Loss 20 pips, Target at the Top
EUR/USD     1.2495—-1.2395  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
GBP/USD     1.5765—-1.5665  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
USD/JPY     118.70—-117.50  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
AUD/USD     0.8290—0.8210   Buy at the Buttom, Stop Loss 40 pips, Target at the Top
USD/CHF     0.9690—0.9610   Buy at the Buttom, Stop Loss 40 pips, Target at the Top
USD/CAD     1.1600—-1.1520  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
GOLD             1229.00—1214.00  Sell at the Top, Stop Loss 8 Dollar, Target at the Buttom
Silver             17.20—16.90      Sell at the Top, Stop Loss 0.15 Dollar, Target at the Buttom

 

Free Forex Signals Forex 12/15/2014

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Free Forex Signals Forex 12/12/2014

#UDSX             89.00—-88.10    Buy at the Buttom, Stop Loss 20 pips, Target at the Top
EUR/USD     1.2460—-1.2330  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
GBP/USD     1.5800—-1.5680  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
USD/JPY     119.90—-118.30  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
AUD/USD     0.8310—0.8190   Sell at the Top, Stop Loss 40 pips, Target at the Buttom
USD/CHF     0.9730—0.9650   Buy at the Buttom, Stop Loss 40 pips, Target at the Top
USD/CAD     1.1600—-1.1500  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
GOLD             1234.00—1217.00  Sell at the Top, Stop Loss 8 Dollar, Target at the Buttom
Silver             17.20—16.90      Sell at the Top, Stop Loss 0.15 Dollar, Target at the Buttom

Free Forex Signals Forex 12/12/2014

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Free Forex Signals Forex 12/11/2014

#UDSX             88.65—-87.85    Sell at the Top,   Stop Loss 20 pips, Target at the Buttom
EUR/USD     1.2500—-1.2390  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
GBP/USD     1.5760—-1.5660  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
USD/JPY     118.60—-117.20  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
AUD/USD     0.8380—0.8260   Buy at the Buttom, Stop Loss 40 pips, Target at the Top
USD/CHF     0.9710—-0.9630  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
USD/CAD     1.1515—-1.1445  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
GOLD             1235.00—1222.00  Buy at the Buttom, Stop Loss 6 Dollar, Target at the Top
Silver             17.30—16.85      Buy at the Buttom, Stop Loss 0.20 Dollar, Target at the Top

 

Free Forex Signals Forex 12/11/2014

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Free Forex Signals Forex 12/10/2014

#UDSX             89.00—-88.20    Sell at the Top,   Stop Loss 30 pips, Target at the Buttom
EUR/USD     1.2450—-1.2340  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
GBP/USD     1.5710—-1.5620  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
USD/JPY     120.00—-118.00  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
AUD/USD     0.8370—0.8260   Buy at the Buttom, Stop Loss 40 pips, Target at the Top
USD/CHF     0.9740—-0.9650  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
USD/CAD     1.1490—-1.1390  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
GOLD             1245.00—1222.00  Buy the Buttom, Stop Loss 7 Dollar, Target at the Top
Silver             17.40—16.80      Buy at the Buttom, Stop Loss 0.20 Dollar, Target at the Top

 

Free Forex Signals Forex 12/10/2014

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Free Forex Signals Forex 12/09/2014

#UDSX             89.40—-89.60    Sell at the Top,   Stop Loss 20 pips, Target at the Buttom
EUR/USD     1.2365—-1.2265  Sell when reaching the Top,Buy when reaching the Buttom, Stop Loss 40 pips
GBP/USD     1.5715—-1.5575  Sell when reaching the Top,Buy when reaching the Buttom, Stop Loss 40 pips
USD/JPY     121.00—-119.80  Sell when reaching the Top,Buy when reaching the Buttom, Stop Loss 40 pips
AUD/USD     0.8330—0.8260   Buy when reaching the Buttom,Sell when reaching the Top, Stop Loss 30 pips
USD/CHF     0.9800—0.9720   Buy when reaching the Buttom,Sell when reaching the Top, Stop Loss 30 pips
USD/CAD     1.1520—-1.1430  Buy when reaching the Buttom,Sell when reaching the Top, Stop Loss 40 pips
GOLD             1213.00—1191.00  Buy when reaching the Buttom,Sell when reaching the Top, Stop Loss 10 Dollar
Silver             16.45—16.15      Buy when reaching the Buttom,Sell when reaching the Top, Stop Loss 0.2 Dollar

 

Free Forex Signals Forex 12/09/2014

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Free Forex Signals Forex 12/08/2014

#UDSX             89.70—-89.10    Sell at the Top,   Stop Loss 30 pips, Target at the Buttom
EUR/USD     1.2320—-1.2240  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
GBP/USD     1.5650—-1.5530  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
USD/JPY     122.10—-120.90  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
AUD/USD     0.8370—0.8290   Sell at the Top, Stop Loss 40 pips, Target at the Buttom
USD/CHF     0.9820—-0.9740  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
USD/CAD     1.1480—-1.1380  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
GOLD             1204.00—1182.00  Sell the Top, Stop Loss 8 Dollar, Target at the Buttom
Silver             16.50—16.10      Sell at the Top, Stop Loss 0.20 Dollar, Target at the Buttom

 

Free Forex Signals Forex 12/08/2014

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Free Forex Signals Forex 12/04/2014

#UDSX             89.25—-88.75    Buy at the Buttom, Stop Loss 20 pips, Target at the Top
EUR/USD     1.2360—-1.2250  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
GBP/USD     1.5730—-1.5630  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
USD/JPY     120.35—-119.35  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
AUD/USD     0.8440—0.8340   Sell at the Top, Stop Loss 40 pips, Target at the Buttom
USD/CHF     0.9825—0.9735   Buy at the Buttom, Stop Loss 40 pips, Target at the Top
USD/CAD     1.1445—-1.1335  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
GOLD             1218.00—1197.00  Sell at the Top, Stop Loss 9 Dollar, Target at the Buttom
Silver             16.55—16.15      Sell at the Top, Stop Loss 0.25 Dollar, Target at the Buttom

 

Free Forex Signals Forex 12/04/2014

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Free Forex Signals Forex 12/03/2014

#UDSX             88.90—-88.20    Sell at the Top,   Stop Loss 20 pips, Target at the Buttom
EUR/USD     1.2440—-1.2340  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
GBP/USD     1.5700—-1.5600  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
USD/JPY     119.60—-118.50  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
AUD/USD     0.8515—0.8405   Sell at the Top, Stop Loss 40 pips, Target at the Buttom
USD/CHF     0.9760—-0.9660  Buy at the Buttom, Stop Loss 40 pips, Target at the Top
USD/CAD     1.1450—-1.1340  Sell at the Top, Stop Loss 40 pips, Target at the Buttom
GOLD             1211.00—1190.00  Buy at the Buttom, Stop Loss 10 Dollar, Target at the Top
Silver             16.65—16.15      Buy at the Buttom, Stop Loss 0.30 Dollar, Target at the Top

 

Free Forex Signals Forex 12/03/2014

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