Plenty of significant data is slated for release today, with the US once again in focus.

The EURUSD looked in trouble halfway through the day before a late rally pegged back earlier losses. The pair began the day at $1.18335 and started to slide early, it hit lows of $1.17713 mid-session. Rebounding off those lows, the euro rallied to a high of $1.18389 late. It is now trading at $1.18400. The GBPUSD made gains overnight after opening at $1.31446. The pair was flat in the first half of the day, dipping to lows of $1.31158 mid-session. Climbing off those lows, the pound peaked at $1.32184 late in the day. It has maintained those levels and is currently trading at $1.32194.

The Dow steadied itself overnight after enduring a sell-off late in the previous session. The index started the day at 28,250.60 and slid to lows of 28,150.48 mid-session. It bounced off those lows, peaking at 28,394.63 in the last hour of the day. It off those highs slightly and is now trading at 28,335.30. The Dax followed the Dow’s lead after opening at 13,115.02. After hitting lows of 13,005.60 early, it turned positive late in the day, peaking at 13,246.15. It is currently trading at 13,211.70.

The US is in focus again as publishes crucial economic data later tonight. Traders and analysts alike will be keenly awaiting the release of the quarterly Prelim GDP figure. It is tipped that the US economy contracted by 32.5% in the June quarter as the coronavirus lockdowns battered world markets.

Other data published today includes:

All – Jackson Hole Symposium

Japan – All Industries Activity

Canada – Current Account, BoC Governor Tiff Macklem speaks

Europe – European Private Loans and M3 Money Supply, Swiss GDP

US – Unemployment Claims, , Pending Home Sales, Natural Gas Storage, Fed Chair Jerome Powell speaks

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