Sun. Aug 9th, 2020

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

US PCE report and Canadian GDP tailed off in July

1 min read

USA and Canada Flags

The pound continues to roll into the final hours of what’s been a fantastic July for the currency. More broadly, the US dollar is making a bit of a comeback after some weakness late yesterday and into Asia.
The consumer is in focus at the bottom of the hour with the PCE report. Inflation isn’t a big market focus at the moment so the personal income/spending components of the report are going to get top billing. Look for a 5.2% rise in June spending.
At the same time, we get May monthly Canadian GDP. The economy began to reopen in the month and it’s expected up 3.5% compared to the record -11.5% in April.
Later we get final revisions to the U Mich sentiment survey. Other than that it’s going to be all about the ebb and flow of month end.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.