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 - Previous metals rebound, FOMC still see cuts
Minutes FOMC: Further cuts are possible if inflation eases. EURUSD limits decline
⏫Silver and gold rally ahead of FOMC minutes
BREAKING: US Chicago PMI beats expectations 🗽USDIDX reacts