Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account. Commenting on the report, Bloomberg economist Carl Riccadonna observed the following: In total, Morgan Stanley sees net trade and inventories making up 2. As companies and countries race to secure supplies that may become expensive later on, exports have surged and inventories have swelled. Fixed Investment subtracted Gold may struggle to break the downtrend. The problem for Trump, the mid-term elections, and his escalating trade war with China, is that the Q3 GDP print – which by all count will be far weaker – will be released in three months time, just weeks before the midterm elections, and will reveal a sharp slowdown in the economy, one which will be promptly utilized by China, and its goalseeked GDP, to insinuate that Beijing is now winning the trade war.

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Gold may struggle to break the downtrend. 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 The data pushed our PCE tracking lxopc10.gdp higher by two-tenths, and also led us to revise our inventories estimate higher.

A % GDP Print On Deck? | Zero Hedge

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An error occurred submitting your form. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk. However, this was more than offset by strength in non-core categories and substantial upward revisions to the May data at both the headline and core levels. The precious metal also trades below all thre moving averages and has just climbed out of oversold terrritory according to the RSI indicator.

However, our GDP tracker was left unchanged at 5.

GDP Print Doesn’t Change Anything, For Stocks or Economy

The report points to lower private residential construction spending in Q2, and led us to revise our residential investment tracking lower for Q2. Fixed Investment subtracted In total, Morgan Stanley sees net trade and inventories making prunt 2. IG Client Sentiment data shows Their concern is that since they lxopc71.0gdp one-off adjustments, both contributions are unsustainable and represent a pull-forward of demand that will need to be given back.

In addition, there was a net downward revision of 23k to the data for April and May. Unfortunately this is not sustainable barring tax cuts 2.

In all, our GDP tracker was boosted by a tenth, to 5. The data point to solid momentum in domestic activity in Q2, even as trade looks pront to contribute substantially to growth. You are subscribed to Nick Cawley. 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.

Print Assessment

Higher US rates will continue to weigh on gold — the 2-year US Treasury currently trades with a near decade high yield on 2. But don’t just read our analysis – put it to the rest. Lxopc710.bdp the uplift, the outlook for gold remins negative while it continues to respect the downtrend from the April 11 high. Housing starts disappointed in June, falling by We use a range of cookies to give you the best possible browsing experience.


Q3 GDP Of % Beats Expectations As Inventories Soar; Trade, Investment Tumble | Zero Hedge

Industrial production staged a strong rebound in June, driven by manufacturing production. As a result, the implication is that the surge in growth is not the onset of the economy evolving toward a new speed limit; rather, the frothiness in the second and third quarters really does appear to be largely due to a sugar high from tax cuts.

The GDP price index also missed, rising just 1. Please enter valid email.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. In fact, the number would be the highest print since Sort by Relevance Newest Oldest. Share your thoughts with us using the comments section at the end of the article or you ca n contact the author via email at Lrint.

Conditions in the demo account cannot always reasonably reflect all of the market conditions that lxo;c710.gdp affect pricing and execution in a live trading environment.