U.S. GDP -0.7% vs. -0.8% Forecast , USD Sees Hesitation !

USA16 clcy8s min
USA16 clcy8s min

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.

The U.S Gross Domestic Product (GDP) fell to -0.7%, from 0.2% in the previous quarter. Analysts had expected  Gross Domestic Product to fall -0.8% in the last quarter.

The U.S Gross Domestic Product (GDP) was slightly bullish , and think it will affect the market on a weekly basis more than daily basis. At the moment , the market moves sideways after GDP data , I think U.S Michigan Consumer Sentiment will give the market a clear direction after 20 min.