US GDP, Core PCE both below expectations – Weekly jobless claims unexpectedly higher
US GDP for Q1 remained unrevised at 1.8% in line with previous but below the expected 2.2%.
US Core PCE for the same period inched slightly lower coming in at 1.4% compared to a previous and expected 1.5 %.
Weekly Jobless claims rose to 424’000 above the expected decline to 404’000 and the previous 414’000 (revised from 409’000). The figures continue to highlight the slow labour market.
Against the Euro the USD lost around 20 pips just after the data was released. Against the JPY the USD lost around 40 pips pushing the USD/JPY towards new daily lows at 81.35.
Good Afternoon.
RTFX Ltd (“RTFX”) is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX at the time of preparation. They are thus subject to change without notice. RTFX believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX or any director, officer or employee.
