The first look at Q2 GDP highlights a busy US economic calendar today

<p>The ECB decision is imminent and that will be followed by a press conference from Lagarde 30 minutes later, and a podcast from Lagarde at 10:15 am ET (that's new twist).</p><p>For the US, Powell put a strong emphasis on incoming data and that starts with a full slate at the bottom of the hour including:</p><ul><li>Durable goods orders</li><li>Advance Q2 GDP</li><li>Initial jobless claims</li><li>Advance goods trade balance</li><li>Wholesale/retail inventories</li></ul><p>Then at 10 am ET, we get pending home sales.</p><p>The final Atlanta Fed GDPNow Q2 forecast is for 2.4% GDP growth and that compares with a 1.8% consensus.</p>

This article was written by Adam Button at www.forexlive.com.