Three factors have helped generate yesterday’s late trading behavior, primarily the sudden drop in the value of the Dollar. Thin trading helped push volatility to intraday highs which made the USD drop more than anticipated. End of month trading also has many investors shifting their positions in expectation of the month’s account settlements. And a boost in risk appetite has helped depress the greenback as investors buy into riskier assets.

Daily Forex Tips

These factors combined to devalue the USD yesterday, but also helped push Crude Oil and Gold prices modestly higher. These trends may continue throughout the rest of the day.

08:30 GMT: GBP – Revised GDP

- This report measures the change in the value of goods and services produced by the nation’s economy last quarter and acts as the broadest measure of economic activity.

- This report will likely not carry a heavy impact on GBP trading, but its release – if better than forecast – may help boost GBP sentiment among investors who are shifting their portfolios at the end of the month.

09:30 GMT: CHF – KOF Economic Barometer

- This figure is a combined measure of 12 leading economic indicators gauging the strength of the Swiss economy.

- Its findings typically carry a modest impact on the CHF directly after its release.

- Positive data results in positive CHF movements, typically; and vice versa.