Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Important US indicators will highlight this Friday
The United States will release the indicators of core durable goods orders and personal spending on September 27, at 15:30 MT time. The core durable goods orders represent the change in the total value of new purchase orders for durable goods, excluding transportation items. This time they are going to be released together with the indicator of personal spending, which is the change in the inflation-adjusted value of consumers’ expenditures. According to the forecasts, core durable goods orders will advance by 0.2%, while personal spending will increase by 0.3%.
• If the actual levels of indicators are higher than the forecasts, the USD will rise;
• If the actual levels of indicators are lower than the forecasts, the USD will fall.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…