Market focus

On Thursday, August 29, the economic calendar will be saturated with data.

• At the start of the day at the Asia-Pacific trading session, it is worth to note data on business confidence in New Zealand and investment in Australia.
• European trading will be saturated with data on: GDP of France, employment in Germany and preliminary inflation data in Germany.

They will set the tone for trading on the euro.

• The main event of the US trading and the day in general will be the US GDP.

The latter is expected to have a restrained slowdown in the US economy, which may increase the pressure on the American dollar due to an increase in the likelihood of a decrease in the US Federal Reserve rates.

Hanzenko Anton