US, US GDP report for Q2.
- GDP growth (annualized). Actual: 2.1%. Expected: 2,4%. Previous: 2.0%
- PCE core. Actual: 3.7% QoQ. Expected: 3.8% QoQ. Previous: 4.9% QoQ
Final US GDP for Q2 came lower than expected at 2.1% y/y versus 2.4% expected. EURUSD ticks higher after the publication. US economy may not be as strong as previously expected and thus it lowers chances for the next hikes. The really important macro data will be released tommorow regarding US labor market.
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
3 markets to watch next week: GBPUSD, US500, OIL (06.11.2026)
🚩 EURUSD loses 0.6%
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge