Today is a day with average volatility, which is characterized by a decrease in optimism on the market after Monday, when investors evaluated the statements made by Donald Trump at the G7 meeting regarding the trade conflict between China and the United States.
In the morning, German GDP data was published, which disappointed investors, as the GDP of the storngest economy in the whole of the EU grew by 0% in the second quarter, which does not meet the expectations of investors. Because of this, the euro is under pressure again today.
In the afternoon, only the publication of the Consumer Confidence Index, as well as data on oil reserves in the United States are expected. Oil, meanwhile, again fell below the level of $55 and remains without incentives for growth. Gold, on the contrary, receives strong support from the beginning of the week, retaining the status of the main safe, but profitable asset.
