EUR/GBP Outlook: EURGBP Declines after Disappointing German GDP Data

The high flying Euro weakened today after the German economy recorded the sharpest decline ever recorded. EURGBP moving towards trendline support.

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US Dollar Relief Bounce Fades After 2Q GDP Collapse Reported

The US Dollar is trying to stage a relief bounce headed into month-end, but USD price action has started to drift back lower following a historic collapse in GDP growth just reported for 2Q-2020.

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US Dollar Relief Bounce Fades After 2Q GDP Collapse Reported

The US Dollar is trying to stage a relief bounce headed into month-end, but USD price action has started to drift back lower following a historic collapse in GDP growth just reported for 2Q-2020.

from DailyFX – Market News https://bit.ly/3jXB0rc
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Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update

Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update
Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the «advance» estimate released by the Bureau of Economic Analysis. In the first quarter of 2020, real GDP decreased 5.0 percent. Full Text

Published July 30, 2020 at 08:30AM
Read more at bea.gov

Gold Prices May Struggle as the Fed Moves to Wait-and-See Mode

Gold prices may struggle as the Federal Reserve signals it has moved to wait-and-see mode, opening the door to profit-taking after a blistering advance.

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