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 tries to stop the sell-off 📌Gold down 1.8%, Bitcoin loses 4.5%
BREAKING: Canadian Wholesale & Manufacturing Sales higher than expected 📊USDCAD reacts
BREAKING: EU GDP data slightly above expectations! 📈💶
DE40: European markets extend decline