Trader, analyst and instructor with a 6-year experience

Terrible US GDP

US published mixed statistics on Wednesday. Nonfarm payrolls by ADP came much better than expected: 220K versus forecasted 203K, March reading revised up to 209K.

However, the main event of the day was the US Q1 GDP. Data came out MUCH worse than expected: economy added only  0.1% vs. forecast 1.2% and 2.6% in Q4. EUR/USD jumped to $1.3870 on the news. 

Waiting for the Fed monetary policy announcement at 18 GMT. 

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