The EUR/USD bounce of around 30 pips and a fall in USD/JPY of around 50 pips with everyone sitting on their hands again seems to be the upshot of the poor US GDP numbers. Then again i guess it is Friday afterall and maybe people are a little over it, especially if that little dip in the US equity markets earlier in the week cost them cash.
Coming up in a little under 15 minutes we have Michigan Consumer Sentiment numbers. The market is looking for a 73.2 result which would be an improvement of the preivous of 72.3. Unlikely we will see the markets move much unless the number is way off the mark, but we can always hope.
