Biggest % gainers: CHF/JPY up 1.08%, USD/JPY up 1.04%, AUD/JPY up 0.92% on yen weakness.
Biggest % losers: GBP/USD down 0.59%, GBP/CHF on very mild GBP weakness.
Most of the momentum is on the "yen weakness" so far.
USD Advance GDP q/q better than expected at 5.7% vs. 4.5% expected and 2.2% last time.
Interesting how we had a surge in GDP growth yet Chevron's profits slumped on a lack of fuel demand and Shell may cut more jobs as they say energy demand remains muted. So we grew the economy but didn't use fuel/energy to do it? Something smells fishy!
CAD GDP m/m better at 0.4% vs. 0.3% expected and 0.3% last time.
CHF KOF Economic Barometer better at 1.77 vs. 1.72 expected.
EUR CPI y/y worse at 1.0% vs. 1.2% expected. Previously 0.9%.
World Economic Forum goes on into the weekend.
GBP Nationwide Home Price Index m/m better at 1.2% vs. 0.4% expected and 0.5% last time.
Stock Futures rise on better than expected U.S. GDP reading.
Hank Paulson said that Russia urged China to dump Fannie Mae & Freddie Mac bonds back in 2008.
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