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  • Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), Second Quarter 2022

    From bea.gov

    Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter of 2022 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 1.6 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the decrease in real GDP was 0.9 percent. The update primarily reflects upward revisions to consumer spending and private inventory investment that were partly offset by a downward revision to residential fixed ... (full story)

Added at 8:44am

  • Revision shows mild U.S. economic contraction in second quarter

    From reuters.com

    The U.S. economy contracted at a moderate pace than initially thought in the second quarter as consumer spending blunted some of the drag from a slower pace of inventory accumulation, dispelling fears that a recession was underway. Gross domestic product shrank at a 0.6% annualized rate last quarter, the Commerce Department said in its second estimate of GDP on Thursday. That was an upward revision from the previously estimated 0.9% pace of decline. The economy contracted at a 1.6% rate in the first quarter. Economists polled by Reuters had expected that GDP would be revised slightly up to show output falling at a ... (full story)

very good ... good moment in structure
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Negative GDP 3 times in a row. But its not a recession, obviously...you just need to change the math and make negative positive and you will get growth.
Everyone can see the chart, but only a few can actually read it.
Very good news all. Buy USD with big lot to 141.
GDP ok, unemployment claims ok, USD will strengthen
I see some of you failed at math in school.
Everyone can see the chart, but only a few can actually read it.
BUY USD. Follow the trend!
no ... this good data and related to structure = good moment
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Gdp fell,unemployment rate good but gdp fall doesn’t look good for usd
BOOM BOOM USD.....Buy USD with Big Big lot.....
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but if market make price manipulation, hopely FED and ECB to control the market
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Current‑dollar GDP increased 8.4 percent at an annual rate, or $496.2 billion, in the second quarter to a level of $24.88 trillion (tables 1 and 3), an upward revision of $31.1 billion from the previous estimate. More information on the source data that underlie the estimates is available in the "Key Source Data and Assumptions" file on BEA's website.
A few people getting carried away, methinks. This is a second guesstimate of an already known figure. This is an 'adjustment' which still retains the direction of travel. If you want to get carried away about the 'odd' tenth of a percentile then be my guest but adjustments can be real or construed. This isn't ground-breaking news, in terms of any pre-conceived foundations to the direction of travel.
Quoting OnlineAddict
I see some of you failed at math in school.
Most get news from BBC or CNNi so not surprising.

Reality is this proves US economy is in a bad state.

For trading purposes this is positive USD, as the G7 is in a race to the bottom with each other.

(My theory is: with the western nations accepting the WEF garbage vs BRICS there is only room for one strong currency and that is the USD.)
Mark ... Everything you have been told is a LIE
Real gross domestic income (GDI) increased 1.4 percent in the second quarter, compared with an increase of 1.8 percent in the first quarter. The average of real GDP and real GDI, a supplemental measure of U.S. economic activity that equally weights GDP and GDI, increased 0.4 percent in the second quarter, compared with an increase of 0.1 percent in the first quarter (table 1).
No matter what Fundamental is going against USD or not...Looks like everyone buying USD with the trend. So better to follow the trend.
why talk by the rumor and not talk by data .... if ECB and FED can be trust , Who else can be trusted
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Current-dollar personal income increased $353.1 billion in the second quarter, a downward revision of $0.7 billion from the previous estimate. The increase primarily reflected increases in compensation (led by private wages and salaries), proprietors' income (both nonfarm and farm), personal income receipts on assets, and rental income of persons (table 8).
US (unlike EU) is in a recession. Only Wall Street MSM and federal officials state it differently. The goal is, obviously, to attract as many as it goes to buy USD denominated assets before destroy its overvaluated price to the groud.
price manipulation is talk about manipulation action fight order flow (fight dominan order from small order/retail)
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Quoting OnlineAddict
Negative GDP 3 times in a row. But its not a recession, obviously...you just need to change the math and make negative positive and you will get growth.
It is not 3 in a row, just a review of what is already know, just a minutely better.

But by real world definition, 2 consecutive negative quarterly GDP is a recession, US just want to use their usual bragado.

A lot of things have changed compared to what we were taught in School, countries were not meant to print money arbitrarily, now they do and call it Quantitative Easing
Quoting keyaForex
No matter what Fundamental is going against USD or not...Looks like everyone buying USD with the trend. So better to follow the trend.
So emotional
Why would you guys go against the trend? Follow the path to least resistance, the trend!
Quoting keyaForex
No matter what Fundamental is going against USD or not...Looks like everyone buying USD with the trend. So better to follow the trend.
And just to correct you (respectively), if you look at the data more retail traders are actually selling the dollar.
You will see the data portray that 77% are net long EU, 23% are short. UJ- 73% are short, 27% long. GU- 73% long, 27% short. NU- 73% long, 27% short.
These are just some examples.
Quoting marrkdy
Why would you guys go against the trend? Follow the path to least resistance, the trend!
Because most retail traders like to try and pick tops/bottoms paired with predicting what price is doing ahead of time. This alone we know why 85-90% retail traders don't make it.
Inflation does not equal real growth.
twice price manipulation in this week .... doesn't enough .......
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If you are retail, you should not trade first ... it seems like something is not healthy with the market ... market actually needs food .... If the retail is not trade / no open position, the price will be seen as if it is not moving / no food
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Inflation in the US is under control. Personal income growth is increasing. Job increases, jobless claims down. So they can bear the living expense well.
Inflation is under control? Interesting. Yeah probably in the multiverse somewhere.
Quoting OnlineAddict
I see some of you failed at math in school.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Quoting Ftmofx
Inflation in the US is under control. Personal income growth is increasing. Job increases, jobless claims down. So they can bear the living expense well.
Wtf are you talking about?
The solution is (x).
Calm before the storm, waiting game
"Show me the charts, and I'll tell you the news." Bernard Baruch
Quoting OnlineAddict
Negative GDP 3 times in a row. But its not a recession, obviously...you just need to change the math and make negative positive and you will get growth.
It’s all political until after November elections.
Quoting marrkdy
Why would you guys go against the trend? Follow the path to least resistance, the trend!
Right. Trend is friend. If you are not following the trend you will fall into the trap and lose your valuable money.
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