European Central Bank (ECB) Governing Council member Ignazio Visco warned on Thursday that there was still a chance the region could lead to a recession.
Thursday's data showed the US economy contracted again in the second quarter. The country's gross domestic product fell by an annualized rate of 0.9% last quarter, after contracting 1.6% in the previous quarter.
For now EURUSD tends to be neutral.
There are still several important US economic data releases and events that will stoke volatility in USD-pairs.
August 1, the July US ISM manufacturing PMI will be released at 14 GMT.
August 2, the June US JOLTs report is due at 14 GMT, at which time Chicago Fed President Evans will give remarks.
August 3, weekly US mortgage application figures will be published at 11 GMT. The July US ISM non-manufacturing (services) PMI will come out at 14 GMT, as will June US factory orders. Weekly US energy inventories data will be released at 14:30 GMT.
August 4, weekly US jobless claims are due at 12:30 GMT. Cleveland Fed President Mester will give a speech at 16 GMT.
August 5, the July US nonfarm payrolls report and unemployment rate will be published at 12:30 GMT. The June US consumer credit report will be published at 19 GMT.
Thursday's data showed the US economy contracted again in the second quarter. The country's gross domestic product fell by an annualized rate of 0.9% last quarter, after contracting 1.6% in the previous quarter.
For now EURUSD tends to be neutral.
There are still several important US economic data releases and events that will stoke volatility in USD-pairs.
August 1, the July US ISM manufacturing PMI will be released at 14 GMT.
August 2, the June US JOLTs report is due at 14 GMT, at which time Chicago Fed President Evans will give remarks.
August 3, weekly US mortgage application figures will be published at 11 GMT. The July US ISM non-manufacturing (services) PMI will come out at 14 GMT, as will June US factory orders. Weekly US energy inventories data will be released at 14:30 GMT.
August 4, weekly US jobless claims are due at 12:30 GMT. Cleveland Fed President Mester will give a speech at 16 GMT.
August 5, the July US nonfarm payrolls report and unemployment rate will be published at 12:30 GMT. The June US consumer credit report will be published at 19 GMT.
