EUR/USD hovers near 1.29

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Our measures gave breathing space from markets driven by panic, which were forcing the economy into a position where inappropriately high interest rates would make default a self-fulfilling prophecy." 
- Mario Draghi (based on CNBC)

Pair's Outlook

Recent decline triggered by speculation that Fed Chairman Ben Bernanke will cut bond-buying programme failed, as he said that it might be too dangerous to tighten monetary easing during current recovery stage. Thus, investors switched to risk-on sentiment and began buying EUR/USD. The pair surged above the weekly PP and might proceed its upside movement by reaching the weekly R1 and 55-day SMA at 1.2975.

Traders' Sentiment
This morning SWFX market is divided in almost similar shares, since bulls have 53% and bears 47% of opened positions. Placed orders segment is gently bearish, since 54% of orders are sell ones.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 24 May 2013 07:07:59 GMT

GBP/USD approaches weekly S1

This week the Sterling depreciated noticeably, as it was traded around a 1.52 benchmark on Monday, but currently the price fluctuates in a 1.50-1.51 range.

Thu, 23 May 2013 16:07:28 GMT

NZD/USD gains to 0.81

NZD/USD rebounded from the weekly S1 level at 0.8005, which was reached during London trading session and was a new low in the on-going downside movement.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.