Bull run for the USD for at least the next couple of days. The preliminary GDP for the second quarter stood at 4.2%. There are three figures for the GDP figure each quarter, with advanced giving the most impact, followed by preliminary a month later and then final.
Last month, I covered the advanced GDP in this post. The advanced figure carries the most influenced, thus fueling the strength of the USD for about two weeks.
I expect the preliminary figure to set a bullish tone for at least a few trading days to a week.
I went in long for USD/JPY and shorted EUR/USD and AUD/USD. Surprisingly the NZD/USD pair stood its ground.
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