The figs are out … screenshot from the marvellous Forex Factory economic calendar, here:
I have circled the inflation figure – lower than previous and much lower than forecast.
The actual result for the Advance GDP was not as high as was recently expected, ES reaction is … not much.
Well, about 45 minutes until cash opens, the ES it sitting just below its highs. I think the absorption continues and will again be going into the day with a buy bias. For those bears, though, with the market so close to its recent highs, this is an ideal time and place to short.