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FX Street: Mid-Day Forex Technical Report - Yen Tumbles as US Data Beats Forecasts, FOMC Awaited

Action Insight Mid-Day Report Yen Tumbles as US Data Beats Forecasts, FOMC Awaited While dollar finds some strength after better than expected growth data in early US session, the Japanese is the main market mover as it’s sold off on improved risk appetite in the markets. Q1 GDP growth was unchanged at 0.6% annualized, which is above forecast of 0.4%. Personal consumption also beat expectation by growing 1.0% comparing to consensus of 0.6%. ADP employment unexpectedly showed 10k job growth

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Original post by Forextvblog

This entry was posted on Wednesday, April 30th, 2008 at 11:08 am and is filed under Forex News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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