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 ends the week with a calm gain 🗽 Cryptocurrencies slide
3 markets to watch next week (05.12.2025)
BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher
BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉