Initial Jobless Claims Down 271K, GDP (Q2) Up 3.7% , USD Rises !

Forex 6598978

The U.S Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month passing forecast at 3.2 percent.

Market Impact : This development should support the USD on a weekly basis , we should see this impact in the upcoming weeks.

The U.S Initial Jobless Claims fell 271K , from 277K in the previous week , the indicator was expected to fall 274K in the last week.

Continuing Jobless Claims rose 2,269K , from 2,256K in the previous week, the indicator was expected to fall to 2,250K last week.

Jobless Claims 4-Week Avg. rose from 271.50K to 272.50K .

Market Impact : Buy USD….