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Gross Domestic Product. USA, 14:30 (GMT+2) 28 Jul

28Jul.202213:30

Gross Domestic Product. USA, 14:30 (GMT+2)

At 14:30 (GMT+2), the US gross domestic product data for the second quarter of this year will be released. It is the main indicator reflecting the state of the national economy; it considers domestic consumption, investment, government spending, and exports. It is expected that it will correct from –1.6 to 0.5% QoQ, which may positively impact the dynamics of the US national currency.

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Consumer Confidence Index. EU, 11:00 (GMT+2)
28 Jul. 2022 10:00
Consumer Confidence Index. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), the July data on the consumer confidence index in the EU countries will be published. The indicator is calculated based on a survey of 2.3K households that assess the prospects for the economy. It is a leading indicator of consumer spending. High numbers indicate consumer optimism and vice versa. It is expected that the indicator will remain at –27.0 points.

Initial Jobless Claims. USA, 14:30 (GMT+2)
28 Jul. 2022 13:30
Initial Jobless Claims. USA, 14:30 (GMT+2)

At 14:30 (GMT+2), weekly data on the number of initial jobless claims will be released in the US. The indicator measures the number of people who applied for government payments for the first time during the past week. This data is collected by the national Ministry of Labor and published in a weekly report. The number of applications for benefits is used to measure the state of the labor market since an increase in it means that fewer people are being hired. The indicator is expected to grow from 251.0K to 253.0K, which, in turn, may have a negative impact on the national currency rate.

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