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US and European economic data to provide USD and EUR focus

US and European economic data to provide USD and EUR focus

AxiTrader Analyst, James Hughes looks ahead to next week

After last week was dominated by political issues at the White House, the coming week could see focus shift back to the macroeconomic picture with big data due from both the US and Europe.

However that doesn’t mean we can forget about Donald Trump’s legal headache. Any further inflammatory headlines from the current administration or from the President himself via twitter will be greeted with the usual market volatility.

As for the data, Preliminary US Q2 GDP will be the headline act for the week, and after the S&P 500 confirmed the longest bull run in history last week Donald Trump will be quick to laud any positive growth story under his watch.

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