Overnight, the the 2nd estimate for the Q2 GDP in the US will be released at 8:30 AM with expectations of 3.1% versus 3.0% in the 1st cut. The core PCE price data is expected to tick up to 2.6 from 2.5%. The GDP deflator is expected at 2% unchanged from previously reported. The data is old data so I would expect a big reaction to it.
At 10 AM, US pending home sales for the month of July are expected to decline by -0.1% versus -0.8% last month.
Crowdstrike and Snowflake also reported yesterday with varying results. Crouch rake shares are currently trading down -2.66% while snowflake shares are soaring by 13.63%
Dow industrial average for 63 pointsS&P index -2.15 pointsNASDAQ index -28.35 points
in the US debt market, yields are mixed with the shorter end marginally higher today and the longer end of the yield curve marginally lower:
2-year yield 3.631%, +0.8 basis points5 year yield 3.707%, +0.2 basis points10 year yield 4.234%, -0.4 basis points30 year yield 4.905%, -0.7 basis pointslooking at other markets,:
Crude oil is currently trading down $0.06 at $64.09Gold is trading up $6.26 or 0.19% at $3405.Bitcoin is trading up $1657 at $112,930. This article was written by Greg Michalowski at investinglive.com.Hence then, the article about the usd continues its move lower today what are the technical driving the 3 major pairs was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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