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  • US Q3 GDP Beats Expectations, Strongest Consecutive Quarters of Since 2003

    The Commerce Department reported on Tuesday that it increased its estimate of third quarter US gross domestic product, the value of all goods and services produced, to a 3.9 percent annualized rate from the 3.5 percent rate reported in October. The figure beat analyst expectations of 3.3 percent by


  • EUR/USD Hovers Near Two-Year Low Amid Dovish ECB Stance

    The Euro fell close to it’s lowest level since August of 2012 in early trading on Monday. The pair failed to make a new low however and was later buoyed by news that the German Ifo Business Climate report beat analyst expectations. Ifo Institute for Economic Research reported that the index, w


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