Economic Data Calls for July 30, 2020

by Kathy Lien

Here’s what we are looking for in tomorrow’s economic reports (July 30, 2020) — Good Luck Trading!

1. GE GDP & Unemployment Report (02:00 ET) Bullish EUR — Confidence is likely to be firmer. Q2 GDP should be better with spending recoveries and reopenings

2. GE CPI (08:00 ET) Bullish EUR — Recovery in oil prices should lead to rise in CPI

3. US GDP (08:30 ET) No Trade — Massive contraction expected to GDP but forecasts are very low

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