US Gross Domestic Product: 1st Quarter 2017 (Advance Estimate) | Forex Factory

  • US Gross Domestic Product: 1st Quarter 2017 (Advance Estimate)

    From bea.gov

    Real gross domestic product (GDP) increased at an annual rate of 0.7 percent in the first quarter of 2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2016, real GDP increased 2.1 percent. The Bureau emphasized that the first-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see “Source Data for the Advance Estimate” on page 2). The "second" estimate for the first quarter, based on more complete data, will be released on May 26, 2017. The increase in real ... (full story)

Added at 7:35am

  • U.S. Economy Expands at Slowest Pace in Three Years

    From bloomberg.com

    The U.S. economy expanded at the slowest pace in three years as weak auto sales and lower home-heating bills dragged down consumer spending, offsetting a pickup in investment led by housing and oil drilling. Gross domestic product, the value of all goods and services produced, rose at a 0.7 percent annualized rate after advancing 2.1 percent in the prior quarter, Commerce Department data showed Friday in Washington. The median forecast of economists surveyed by Bloomberg called for a 1 percent gain. Consumer spending, the biggest part of the economy, rose 0.3 percent, the worst performance since 2009. The GDP ... (full story)

Comment Options
Hareii
Apr 28, 2017 8:06am
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Quoting JakubSzalaFX
US heading into stagflation.
Can't argue with that really. It cannot be wrong. Question is when is that going to happen? Next month, next year, or next century? Everyone is right when they state their opinion, only that they leave out the date and time which it will occur. Just like I will be right if I say US is heading into recession (without specifying a timeline). US is DEFINITELY heading into a recession some time in the FUTURE. Of course it is. Anyone want to argue on that?
Reply
Hareii
Apr 28, 2017 9:05am
Permalink
Quoting sjackson99
{quote} The Dollar will rally next month
Which year and by how much?

The Dollar rally everyday at a few hour (candles) for a few pips. That is a given without fail. The million dollar question is when exactly AND by how much.

By now, you probably be thinking that the question of when exactly and by how much exactly is an impossible question that no one can ever answer. And that is precisely the point. But however, that is also the fundamental basis upon which most retail trader perform their trading decision: I think the dollar will rally now (determination of exact time) at this price point (I send in the order or set pending order), I think the dollar will rally to this point where I will set my TP (determination of how much exactly) and I think the dollar will rally by end of month (it better be because I need the profit to sustain living expenses).

Trading is a process and not an outcome-based activity. Enjoy trading like you enjoy playing music. You don't play music to achieve any outcome other than you simply just enjoy the process of playing music. The playing of music is the point. You don't play music to earn a profit, but you can earn a profit from playing music superbly well. And you can only perform superbly well when you enjoy it and it don't feel like a JOB (here we go again) or a drag every time (damn it I lose the trade again).

Enjoy trading and treat it like any other hobbies or entertainment. Trading still has potential to earn you a profit but hobbies and entertainment activities are guaranteed to cause you to lose money all the time. If you are happy to lose money all the time in hobbies and entertainment activities, why not trading? Just keep the losing to what you can afford. And you will enjoy it like you enjoy entertainment activities.
Reply
sjackson99
Apr 28, 2017 8:47am
Permalink
Quoting Hareii
{quote} Can't argue with that really. It cannot be wrong. Question is when is that going to happen? Next month, next year, or next century? Everyone is right when they state their opinion, only that they leave out the date and time which it will occur. Just like I will be right if I say US is heading into recession (without specifying a timeline). US is DEFINITELY heading into a recession some time in the FUTURE. Of course it is. Anyone want to argue on that?
The Dollar will rally next month
Reply
althar
Apr 28, 2017 8:00am
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Quoting g_87043eb4
{quote} High unemployment with high inflation.
Actually low growth with high inflation.
Reply
Kauzen
Apr 28, 2017 8:24am
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Quoting Hareii
{quote} Can't argue with that really. It cannot be wrong. Question is when is that going to happen? Next month, next year, or next century? Everyone is right when they state their opinion, only that they leave out the date and time which it will occur. Just like I will be right if I say US is heading into recession (without specifying a timeline). US is DEFINITELY heading into a recession some time in the FUTURE. Of course it is. Anyone want to argue on that?
Good point... !!! Economic recession or growth... Doesn't really matter... You can make money on both... All that talking and arguing which one is now and which is to come... Just look at the chart and see what pice is doing and follow the trend... Good luck everyone...
Reply
Ken A
Apr 28, 2017 8:17am
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You will know when a jug of milk cost $10,000
Reply
Kauzen
Apr 28, 2017 8:27am
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Quoting Ken A
You will know when a jug of milk cost $10,000
Right on the money...!!!
Reply
JakubSzalaFX
Apr 28, 2017 7:51am
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US heading into stagflation.
Reply
Trader#1B5B
Apr 28, 2017 7:52am
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AUD/USD staying in support level
Reply
Trader#1B5B
Apr 28, 2017 7:56am
Permalink
Quoting JakubSzalaFX
US heading into stagflation.
High unemployment with high inflation.
Reply
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