July 29th, 2011 13:32:08 GMT

Fresh session highs; 1.4400 next resistance

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US equities are opening weak, as one would expect given the poor US growth figures. The dollar is being sold with both hands while alternatives like gold and CHF are at records.  

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July 29th, 2011 13:15:14 GMT

Obama to speak at 14:20 GMT

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Ostensibly on the debt drama but no doubt he will have to address the weak GDP data as well. Dollar consolidating major losses from earlier levels across the board.

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July 29th, 2011 12:30:14 GMT

US GDP rose 1.3% in Q2

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Q1 GDP was revised down to 0.4% from 1.9% previously, a dramatic revision Core PCE came in at 2.1% from 1.6% in the first quarter

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July 29th, 2011 12:26:30 GMT

US GDP next focus

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After focusing on Europe for much of the morning (Spain placed on watch for a downgrade, Italian and Spanish participation in Greek bailout questioned, as funding costs have risen), US data takes its turn in the spot-light. Economists expect 1.8% … Continue reading

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