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Source: Bureau of Economic Analysis The economic growth of the United States for the second quarter was revised slightly upward, driven by changes in nonresidential fixed investment and exports. The second-quarter real gross domestic product growth was revised to 6.6% from the advance estimate of 6.5% issued last month.The revision takes into consideration increases in … [Read more...] about US Second-Quarter GDP Revised Upward to 6.6%

Source: US Labor Department US unemployment claims posted slight gains after recording the lowest level since the COVID-19 pandemic hit in the previous week. DXY is up 0.16%, gold is down 0.06%. Seasonally adjusted initial claims in the week ending August 21 climbed 4,000 to 353,000.The previous week’s level was revised 1,000 higher to 349,000. This is the lowest since it … [Read more...] about American Jobless Claims Up from Previous Week’s Pandemic-Low

Source: ECB Members of the European Central Bank have agreed to revise the interest rate guidance, according to the minutes of the July meeting. Members consented to align interest guidances with the price stability objective in the new monetary policy strategy.Revisions to the forward guidance would influence the understanding of the new strategy which was agreed upon … [Read more...] about ECB Changes Interest Rate Guidance

 Source: GFK  GfK puts the German consumer sentiment value at -1.2 points for September, down 0.8 points from August amid a decline in propensity to spend and economic expectations. DAX is down -0.63%, EURUSD is up +0.02%.  The fall in consumer sentiment reflects the uncertainty around tighter restrictions and the slow rollout of the covid-19 … [Read more...] about German Economic Uncertainties Push Consumer Sentiment Forecast Down 0.8 Points