Gross Domestic Product. Germany, 10:00 (GMT+2) 27 Aug

27Aug.202409:00

Gross Domestic Product. Germany, 10:00 (GMT+2)

At 10:00 (GMT+2), Germany's Gross Domestic Product (GDP) data for the second quarter of 2024 will be released which is a key indicator of the state of the national economy taking into account domestic consumption, investment, government spending and exports. If the value rises from –0.1% on a quarterly and annual basis, this will support the euro quotes.

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27 Aug. 2024 07:00

Gfk Group Consumer Confidence Survey. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2), the data on GfK Group Consumer Confidence for September are due in Germany. The indicator measures the degree of confidence in the strength of the economy and is a leading indicator for consumer spending. If the negative dynamics continue from –18.4 points, this will put pressure on the euro's position.

27 Aug. 2024 15:00

Housing Price Index. USA, 16:00 (GMT+2)

At 16:00 (GMT+2), the US will release the June Housing Price Index, an indicator that records the average change in price when a home is resold or the revaluation of the same property. Its calculations use information on mortgage transactions for existing homes concluded by the country's largest agencies, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. In June, the value is likely to rise from 0.0% to 0.2%, which could support the US currency.

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