Today first estimate of US second quarter GDP will be released at 12:30 GMT. Market is expecting improved second quarter for US economy. Past trends - after rising 5% and 2.2% in previous two quarters, US GDP shrank by -…
Today first estimate of US second quarter GDP will be released at 12:30 GMT.
Market is expecting improved second quarter for US economy.
Past trends -
after rising 5% and 2.2% in previous two quarters, US GDP shrank by -0.2% in the first quarter of 2015. Historically speaking US economy usually falters in first quarter.
Expectation today -
Market is expecting a number around +2.6% expansion at annualized rate, as surveyed by Bloomberg. GDP estimate has higher probability to surprise to upside than upside today.
Market impact -
Dollar and yields will strengthen sharply, should the data surprise on the upside. Stronger than expected number would be very bullish since market is expecting any massive improvement.
Weaker data might turn out to be very bearish, especially for dollar as market is expecting significant improvement in the second quarter after shrinkage in the first.
FXCM Dollar index is currently trading at 12026, up 0.05% today so far.
Australia's September 2026 labour report shocked to the negative: unemployment climbed to 4.7% from 4.6% and employment dropped by 39,300 against expectations for a 20,000 increase. Part-time work dropped by 73,700, whic…
UNCX Network, a cryptocurrency token vesting platform formerly known as UniCrypt, suffered a security exploit on Wednesday that drained approximately $86,000 from its shared Ethereum token pool. Blockchain security firm …
Solana is preparing to introduce its highly anticipated Alpenglow consensus upgrade on October 21, 2026, marking one of the blockchain's biggest technological changes since its launch in 2020. The upgrade aims to signifi…
