Market Research: EUR

Source: Dukascopy Bank SA
Euro index was one of the best performers last week. It was surpassed only by the aussie and kiwi indices and, despite the 1.2 cap between the EUR/CHF held by the Swiss National bank, even managed to surpass CHF index. Overall, the week was rather calm for the Euro index as the minimum and maximum values were just 0.5% from base (opening) value and we saw only one major move in the period. That was when UK's Asset Purchase Facility and Official Bank Rate and  ECB's Minimum bid Rate were announced on Thursday. It helped Euro index to gain 0.6% on the news alone and caused it to demonstrate clear bullish bias for the rest of the period.

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