GDP on the agenda. Plus yesterday's trade closed manually.

US GDP will be reported shortly, it could be a 'market moving' event as traders look for confirmation (or not) of the robust US economy. Plus, the 'under the bonnet' numbers will give an indication into tomorrow's core PCE number.

The outcome could be fairly binary for the USD, following the 'soft PMI' earlier in the week, it's clear the market wants to price on FED rate cuts. And any signs of softness today will likely see the USD sold. Alternatively, any number indicating strength and 'sticky inflation' will likely see USD strength continue.

For the record, I have closed yesterday's AUD CHF trade for a profit of +1.3. As not to hold any risk during the GDP release. The other option would have been to move the stop loss to break even, but for the sake of +0.2, I'm content to bank the profit on this occasion and reassess after the GDP release.

Feel free to email any questions: johnelfedforexblog@gmail.com