Today's free signal is SIGNAL ALERT FX Signal

Today’s free signal is SIGNAL ALERT FX Signal

BUY EURCHF 1.00165 🤑 TP1 1.00405 🤑 TP2 1.00629 🤑 TP3 1.01404 🛑 SL 0.99799

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Today’s free signal is SIGNAL ALERT FX Signal

Dollar flat as market waits for U.S. GDP figures

The US dollar was little changed in early trade in Europe on Thursday, with the market apparently content to wait for U.S. GDP figures before taking new positions.

By 02:55 ET (07:55 GMT), the dollar index, which tracks the greenback against a basket of six advanced economy currencies, was essentially flat at 101.39. Individual crosses were no more exciting, with the euro rising less than 0.1% to $1.0964 and the pound also up less than 0.1% at $1.2407.

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The U.S. economy is expected to have slowed in the final quarter of last year, as high inflation and rising financing costs ate into consumer spending. However, the easing of supply chain bottlenecks and a fall,

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Analysts expect growth to slow to an annualized rate of 2.6% from 3.2% in the third quarter.

The Bank of Canada’s announcement that it will ‘pause’ interest rate hikes after Wednesday’s 25 basis point increase has raised speculation that the U.S. Federal Reserve will soon do likewise, keeping the dollar under pressure.

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Elsewhere, “quiet periods” in advance of central bank meetings in the U.S., euro zone, and U.K. next week are ensuring that there are no comments from central bank officials to trade off.

Today’s free signal is SIGNAL ALERT FX Signal

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