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" "Uncertainty" about the fiscal cliff, debt limits and the long-term challenges of balancing the U.S. budget are already "affecting private spending and investment decisions and may be contributing to an increased sense of caution in financial markets, with adverse effects on the economy."
- Fed Chairman Ben S. Bernanke (base on Bloomberg)
Pair's Outlook
Pair prepares for another attempt to breach the parity. Such event is rather plausible as market sentiment is moderately bullish and technicals give rather strong indication of a rally. However, it is fairly likely that pair wont manage to advance above parity condition once again.
Traders' Sentiment
Bulls lost some market share but continue to hold significant part of outstanding positions (7% decrease after the weekend; 59% of all positions at the moment). Pending orders, however, are perfectly distributed between long and short traders.
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