British Pound To Test 23.6% Fib,Euro Continue To Search For Support

The British Pound continued to outperform against its major counterparts on Thursday,with the exchange rate rallying to a high of 1.6179,while the Euro tumbled to a low of 1.3643 following a rise in risk aversion.

Daily Winners and Losers

Currency

Last

High

Low

Daily Change (pip)

Daily Range (pip)

GBPUSD

1.6116

. . . →Read More:British Pound To Test 23.6% Fib,Euro Continue To Search For Support

EUR/USD:Trading the Advanced Euro-Zone 3Q GDP Report

Economic activity in the Euro-Zone is expected to expand at a slower pace in the third-quarter,and the advanced GDP report could spark a bearish reaction in the single-currency as policy makers in Europe expect the recovery to moderate throughout the second-half of the year.

Trading the News:Euro-Zone 3Q GDP

Why Is This . . . →Read More:EUR/USD:Trading the Advanced Euro-Zone 3Q GDP Report

Get Adobe Flash playerPlugin by wpburn.com wordpress themes