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US GDP Leads What to Watch For Today

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The Forex Attack Team researches and publishes thought-provoking news, analysis, and opinion pieces on the global financial markets. We provide in-depth coverage of forex, commodities, and indices.

Markets are bracing for what could be record poor US GDP numbers. Consensus is contraction in the range of 30%, however the NY Fed model shows positive growth on a QoQ basis. Here are the number releases you should watch for in the coming hour.

  • 8:30 a.m. EST: GDP Annualized QoQ, second quarter advanced print (-34.5% expected, -5.0% prior)
  • 8:30 a.m. EST: Personal consumption, second quarter advanced print (-34.5% expected, -6.8% prior)
  • 8:30 a.m. EST: Core PCE QoQ, second quarter advanced (-0.9% expected, 1.7% prior)
  • 8:30 a.m. EST: Initial jobless claims, week ended July 25 (1.445 million expected, 1.416 million prior week)
  • 8:30 a.m. EST: Continuing unemployment claims, week ended July 18 (16.2 million expected, 16.197 million prior week).
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