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"Deep dysfunction among congressmen, market complacency and an underestimation of the macroeconomic consequences have led to a lack of urgency amongst policymakers, such that we now believe the likelihood of the US going over the cliff, at least temporarily, is 65 per cent."
- BNP Paribas (based on The Australian)
Pair's Outlook
Pair remains rather volatile, but as some of other currencies it decreased its range significantly signals about further appreciation with formation of bullish candle. Technical indicators give background for similar expectations in short and middle term as well, but outlook of major market participants at a longer term is in 0.99 area.
Traders' Sentiment
After being rather calm for the whole week bulls increased the share of their holdings and at the moment they constitute for 65% of market participants. It seems that some of this increasing is due to triggering of pending orders as they decreased to 60%, but still in favour for the bulls.
© Dukascopy Bank SA