EUR/USD jumps above 1.1250

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Volatility hasn't been this low in the days preceding a ECB meeting since the start of quantitative easing in 2015, lending cover for the ECB president should he choose to leave policy mostly alone, as economists forecast." 
– based on Bloomberg

Pair's Outlook

The Common European currency is trading near the opening price against the US Dollar on Wednesday morning. However, it did fall to the weekly R1 at 1.1230 and rebounded against it during the night to continue a surge, which began on Tuesday. Previously, the currency exchange rate jumped on Tuesday and broke through a strong resistance cluster from 1.1176 to 1.1230. Afterwards, the pair reached above the 1.1250 level, where it ended the day's trading session. As the rate faces no resistance up to the level of 1.1305, it is most likely set to surge during today's trading.  

Traders' Sentiment

Traders have increased their bearish sentiment by 2%, as open short positions are 61% of the total SWFX positions. In the meantime, pending commands are almost neutral, as 51% orders are to sell.
© Dukascopy Bank SA
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Actual Topics

Wed, 07 Sep 2016 06:53:27 GMT

XAU/USD surges above 1.350 level on Wednesday

"Both gold and silver are on the move higher today, with some tailwinds from a considerably weaker USD, precipitated mainly by weaker than expected ECO Data from the ISM Non-Manufacturing Data," – Tim Knight, Prophet Founder (based investing.com)Pair's OutlookThe yellow metal continues to surge on Wednesday, as the commodity broke the resistance put up by the monthly R1 at 1,348.

Tue, 06 Sep 2016 13:26:03 GMT

NZD/USD marks a week of gains

"The New Zealand dollar fell from near a 16-month high on a trade-weighted basis but is still seen as sufficiently above the levels projected by the Reserve Bank to warrant another cut to the official cash rate in coming months." – based on NZ HeraldPair's OutlookThe New Zealand Dollar continued to book gains against the US Dollar mid-Monday, as the currency

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