EUR/USD soars through 1.2969

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"A weaker-than-expected payrolls figure will put downward pressure on the U.S. dollar as markets start to speculate on added QE purchases. A better-than-expected figure will continue increase for risk appetite"
- Credit Agricole (based on Bloomberg)

Pair's Outlook

After overcoming 1.2969 the only obstacle that separates EUR/USD from attaining 1.34 lies at 1.3143/71. This resistance could potentially send the pair back to an uptrend support line, but nevertheless should eventually give in, allowing extension of a recovery. In the meantime, losses are to be limited by a key zone at 1.2826/1.2789.

Traders' Sentiment
Wile the Australian and U.S. Dollars argue for being the most popular in the SWFX marketplace, being acquired on average in 63% and 64% of cases respectively, sentiment of traders towards EUR/USD is somewhat negative, since the ratio between long and short positions is 43% to 57%.

© Dukascopy Bank SA
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Actual Topics

Fri, 05 Oct 2012 07:54:48 GMT

GBP/USD bounced off 1.6101/1.6085

A rebound from 1.6101/1.6085 was slightly stronger than anticipated, but is likely be curbed by 1.6190/1.6228. Even if the latter area does not withstand bullish pressure, 1.6279/1.6344 should come into play and negate current upward impetus and contain the rally. In the long run, the pair is still expected to aim for 1.5601/1.5568.

Thu, 04 Oct 2012 15:29:46 GMT

XAU/USD overcomes upper Bollinger band at 1782

The uptrend, which started three days ago, successfully managed to continue, as today the XAU/USD exchange rate experienced another bullish advance, and the price at the particular moment is gradually approaching the monthly R1 at 1806, which might bring some bearish impulse. In case it fails to slow down the uptrend, then the exchange rate is likely to reach the

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