Here is what you need to know on Thursday, July 25: Market participants gear up for a volatile American session that will feature the United States' first estimate of the second-quarter Gross Domestic Product growth. The US economic docket will also feature weekly Initial Jobless Claims, Durable Goods Orders and Pending Home Sales data for June.
7% on the day at 4.25%. Following Tuesday's sharp decline, EUR/USD failed to stage a rebound on Wednesday and ended the day modestly lower. At the beginning of the European session, the pair trades below 1.0850. The European Central Bank will release M3 Money Supply and Private Loans data for June later in the session. GBP/USD closed the day virtually unchanged on Wednesday after failing to stabilize above 1.2900.