EUR/USD at weekly high after ECB comments

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"There was a slight risk that President Draghi, having seen the euro weaken a lot since the last meeting, might back off the need to lower the deposit rate."
- ING Groep NV (based on Bloomberg)

Pair's Outlook

EUR/USD jumped above July low at 1.0808 on Thursday, following moderately hawkish comments from ECB Executive Board member Benoit Coeure. Additionally, daily trading volume surged to the highest level since Oct 23. Now we expect a bounce back off this currency pair as bears are preparing for EU GDP and US retail sales data later on Friday. Positive US numbers may push EUR/USD towards recent lows at 1.07, while encouraging Euro zone numbers should keep the pair uplifted above 1.08.

Traders' Sentiment

SWFX bullish share rose marginally from 52% to 53% by Friday morning. Alongside, the percentage of long pending orders in 100-pip range from the spot price increased to 49%, up from 48% yesterday.

© Dukascopy Bank SA
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Actual Topics

Fri, 13 Nov 2015 07:52:33 GMT

GBP/USD struggles to maintain trade above 1.52

In spite of the Cable dropping under the immediate support cluster in the early hours yesterday, the pair still ended the day on the green side, adding 23 pips.

Thu, 12 Nov 2015 13:58:04 GMT

NZD/USD remains stuck in tight range

On Wednesday the New Zealand Dollar edged closer to the 0.66 major level, but ultimately stabilised under the 100-day SMA.

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