The US GDP came in better than expected at 2.1% vs 1.8%. The price index was higher at 2.4% vs 2.0%. The Core PCE was lower than expected at 1.8% vs 2.0% estimate.

The dollare has moved higher in the initial reaction.

The USDJPY moved to the highest level since July 10, and to new week highs (taking out the high from yesterday at 108.75. The high reached 108.823 so far. The price moved up from 108.66.

The EURUSD moved from 1.11385 to a new low for the day at 1.11274. We trade at 1.11316. The pair remains in a narrow 23 pip range for the day

The GBPUSD took out the lows for the week at 1.24174.  The low price moved to 1.24127.  We currently trade at 1.2414 near the lows.