FXMarketAlerts Team
FXMarketAlerts
Published at 14:36 (GMT) 23 Dec
Just as the UK GDP was revised down, the 3rd estimate of US Q3 growth has been revised higher - and some. Many were expecting improvement, with the consensus looking for 4.3%, but at a whopping 5.0%, the rate hawks will be swirling. Slow progress for the USD though, with USD/JPY pushing up to 120.35-40 levels, but real money flow staggering gains in spec demand, which is relatively light given the time of year. EUR/USAD had tested 1.2200 within a tick, but broke the figure level to print 1.2198 immediately after, but is now pushing lower still as the option related flow plays out.
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