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US Q2 GDP Preview
Friday’s US economic data focus for the currency markets will be the release at 1330h London time of the advance estimate for Q2 US gross domestic product growth with White House economic advisor Larry Kudlow quoted yesterday as saying “You’re going to get a GDP number on Friday that’s going to be a very impressive[…]
Following Wednesday’s apparent easing of trade tensions between the European Union and the United States, which helped push EURUSD higher, traders’ attention should shift to today’s European Central Bank (ECB) meeting. Judging from the general tone among bank analysts, it’s probably fair to say expectations for that are low. There’s a feeling that last month’s[…]
EURUSD, EURJPY: Differing Euro Prospects?
As Dutch bank ING noted on Tuesday “the flash composite PMI for the Eurozone fell back to 54.3, after the brief uptick to 54.9 in June. This was slightly below the consensus estimate.” While the figure is still reflective of a solid Eurozone recovery, it’s not representative of a stellar performance. Another, albeit small, downside[…]