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Germany Q2 final GDP in focus
Happy Friday, everyone! Hope you’re all doing well as we get things going in European trading later. The dollar was stole the show in overnight trading and some key levels were taken out on some charts. Meanwhile, the aussie is the one in the spotlight today after ScoMo ousted Turnbull to become the country’s 30th prime minister. That should keep things interesting for the session ahead.
0600 GMT – Germany Q2 final GDP reading
Preliminary figures can be found here. Given the initial numbers aren’t a market mover, this one here isn’t expected to be one either. The only caveat is that if they are a sizable miss compared to the preliminary estimates.
0830 GMT – UK Finance July mortgage approvals
The data measures only a proportion of the demand in the UK housing market – those which are approved by High Street Banks in the UK. An indicator of dwellings purchased by mortgages, provides a general glimpse of housing market demand. Low-tier data.
That’s all for the session. A light one on the calendar as all eyes turn towards Jackson Hole in US trading. I wish you all the best of days ahead and as always, good luck with your trading!
This article was originally published by Forexlive.com. Read the original article here.