Dale J Pinkert
Independent Analyst
The Bureau of Economic Analysis published a softer than expected GDP figures with a 0.7% YoY increased in the last quarter of 2015. Expectations were 0.8%. However, experts pointed that usually US GDP receives may revisions between preliminary and final numbers.
However, data was Dollar supported and the Forex major that suffer the most was the EUR/USD. The USD/JPY jumped throughout the day, but it was because the boJ decision to cut rates into negative.
Check the video to watch what are the most important moves to follow and where the opportunities are. Live Coverage with Valeria Bednarik, Dale Pinkert and Mauricio Carrillo from FXStreet and Yohay Elam from ForexCrunch.
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Editors’ Picks
EUR/USD comes under pressure near 1.0630
Further gains in the Greenback encourage sellers to maintain their control over the risk complex, forcing EUR/USD to retreat further and revisit the 1.0630 region as the US session draws to a close.
GBP/USD stays firm amid BoE, Fed commentary and US data
GBP/USD edges lower in the second half of the day and trades at around 1.2450. Better-than-expected Jobless Claims and Philadelphia Fed Manufacturing Index data from the US provides a support to the USD and forces the pair to stay on the back foot.
Gold is closely monitoring geopolitics
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
Ripple (XRP) price hovers below the key $0.50 level on Thursday after failing at another attempt to break and close above the resistance for the fourth day in a row.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.