Trader’s calendar on July 25-26: USD could attain new highs

Despite the continuous stream of political news affecting financial markets, traders should pay attention to macroeconomic data. Especially after Donald Trump promised to keep Jerome Powell as Chairman of the US Federal Reserve if he agreed not to change the monetary policy until November. The US dollar lost ground amid such an announcement. With Kamala Harris as Trump’s alternative for the presidency, markets believe Powell could continue analyzing the economy without fear of dismissal, potentially helping the dollar recover. Let us find out what reports could clarify the Fed’s rate forecast in the last two trading days of this week.

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00:00 INTRO
00:59 IFO BUSINESS CLIMATE
01:29 QUARTERLY GDP GROWTH RATE, FLASH DATA
02:16 PERSONAL SPENDING