© Dukascopy Bank SA
"The possibility of additional stimulus being announced at the next [Fed policy] meeting is finely balanced, and there is increased market focus on Friday's nonfarm payrolls; there is also [Institute for Supply Management] numbers out tomorrow. With the U.S. on holiday today, the dollar index looks likely to remain range-bound but will likely maintain a downside bias."
- Lloyds Bank (based on Market Watch)
Pair's Outlook
Pairs rather stable after the weekend as opening of the week suggest that pair has no juice to try to step up above 99 cent mark , but should remain close to it (~97.7) for the time being.
Traders' Sentiment
Trader sentiments remains bullish and hovers above 70% gauge for forth week already. Share of pending buy orders remains relatively stable between 55% and 60% marks at 58% today.
© Dukascopy Bank SA