As U.S. GDP Improves, Investors Shift Interest Back to Higher Yielding Assets

U.S. GDP improved to 3.5%. This figure marked the first gain in over a year and was better than pre-report guesses of 3.2%. Trader appetite for risk soared after the report was released.

The EUR USD is in an uptrend and rallying strong today. Expectations are for a test of 1.4873 to 1.4918 before new sellers surface. This currency pair is also in a position to post a bearish...