© Dukascopy Bank SA
"Rhetoric around the Jackson Hole conference signalled another asset purchase programme is in the barrel, waiting to be fired. This presents headwinds for the US dollar."
-Bank of New Zealand (based on The Wall Street Journal)
Pair's Outlook
Pair slows down after fully forming Double Top pattern. Pairs outlook is neutral and pair should remain between 80 and 79 cent marks. However, stochastic indicator suggests that pair might try to advance above 0.8 what should not last long.
Traders' Sentiment
Trader sentiment is deviating not far from 50% (+/-2%) gauge for third week. Share of pending sell orders has changed slightly during the weekend (decreased by 1%) and is at 64% mark today.
© Dukascopy Bank SA