No one expected it, with the final GDP for the first quarter ending at -2.9%, an expansion of 4% in the economy is a pleasant surprise. This shall send pairs like EUR/USD into new lows.
The ADP non-farm employment change 15 minutes before the GDP was disappointing but this did not cause EUR/USD to rise and traders were expecting a major movement only after the GDP.
I went in long for USD/CHF and USD/JPY. EUR/USD felt a bit low for me so I decided to skip this pair.
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