🔴 Released now:

America - 🇺🇸

🗓 Gross Domestic Product (Quarterly) (Q2):

⚪️ Previous: - 0.5%

⚪️ Estimate: 3.0%

⚪️ Current: 3.3%

🔴 Interpretation:

The reading came in higher than expected and significantly better than the previous negative result, reflecting the strength of the U.S. economic growth and improvement in consumer and investment activity. This result strengthens the dollar, while putting negative pressure on high-risk assets like gold and cryptocurrencies in the short term.

🗓 Unemployment claims:

⚪️ Previous: 235K

⚪️ Estimate: 231K

⚪️ Current: 223K

🔴 Interpretation:

The decrease in claims below expectations indicates the continued strength of the U.S. labor market and robustness of employment. This supports the Fed's direction to maintain a tight monetary policy, providing additional support for the dollar and increasing pressure on gold and crypto in the short term.

🔖 Overall result: Positive for the U.S. dollar.