The FED closed any windows for a possible June rate hike yesterday with their FOMC statement. Did they have a peek at the GDP numbers which were released today? The prediction was for a 0.7% expansion of the GDP in the Q1 2016. After yesterday´s positive US trade numbers the market stretched the expectations further to 0.8%. But, the real numbers released today showed a 0.5% expansion in the first quarter. Did the FED stick to being dovish because they knew the numbers already? Anyway, the Buck remains unfazed by the miss in the GDP data.
EUR/SD is in fact 30 pips lower after the US GDP numbers missed the expectations
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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