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28 Aug 2019

US GDP Q2 second release preview: The past looks better than the future

The United States economy has been printing very solid numbers for a while now, but that pretty picture might be slowly getting uglier. Ahead of tomorrow's US Gross Domestic Product second estimation release, we take a look at the US economic activity table which, in words of our Senior Analyst Yohay Elam, shows "a mixed picture" with "the past looking better than the future".

Read Yohay's US GDP preview: Expect a disappointment to down the dollar – FXStreet Surprise Index

Mixed US economic activity table hints potential negative revisions

The table shows mixed results, with plenty of hard-data indicators (lead by Durable Goods & Retail Sales) showing positive trends but the bigger business surveys hinting growing pessimism about the US economy both in the manufacturing and services sector.

That could lead to negative revisions of the 2.1% growth released in the Q2 GDP's first estimation. Check it out:

Aug 28, 2019

Mexico: All eyes on inflation data – TD Securities

Analysts at TD Securities point out that Banxico will release its inflation report and will be a key release for the Mexican markets. Key Quotes “It w

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Aug 28, 2019

AUD/USD flat-lined in lower half of weekly range near 0.6750

The AUD/USD pair came under modest selling pressure during the Asian trading hours and dropped to a daily low of 0.6734. However, the lack of major de

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