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- Gaitame.com Research Institute Ltd. (based on CNBC)
Pair's Outlook
The major currency pair appreciated further in yesterday's trading session, as the exchange rate settled above a 1.2900 benchmark. Investors wait for more information from the Federal Open Market Committee, which should provide guidelines about further monetary easing actions in the United States.
Traders' Sentiment
The gap between the buy and sell positions in the market remains exactly the same as yesterday, as bears have an advantage with a 54% share. Pending orders market is also bearish, since sell orders amount to 57% of the total amount.
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