__cfduid
Valid: 29 days
It helps us protect the website from threats such as hacker attacks. Used by Cloudflare to recognise trusted network traffic.
__lc_cid
Valid: 3 years
Necessary for proper functioning of the chat available on the website.
__lc_cst
Valid: 3 years
Necessary for proper functioning of the chat available on the website.
rc::a
Valid: It does not expire
Cookies to correctly distinguish between human and bot-generated traffic.
rc::b
Valid: 1 session
Cookies to correctly distinguish between human and bot-generated traffic.
rc::c
Valid: 1 session
Cookies to correctly distinguish between human and bot-generated traffic.
NID
Valid: 6 months
Records a unique number to recognise the device you are using. It is used for advertising.
_ga
Valid: 2 years
Registers a unique user number to collect statistical data about how you use our website.
_gat
Valid: 1 day
Used by Google Analytics to reduce queries. Reduces the amount of statistical data collected.
_gid
Valid: 1 day
Registers a unique user number to collect statistical data about how you use our website.
yt-player-bandwidth
Valid: It does not expire
Determines the best video quality based on your device and the Internet connection used.
yt-player-headers-readable
Valid: It does not expire
Determines the best video quality based on your device and the Internet connection used.
CINKCIARZ_FX
Valid: 1 session
Maintains user sessions.
csrfToken
Valid: It does not expire
Protection against csrf attacks.
user
Valid: It does not expire
Stores information that indicates whether the user is from the USA.
browserId
Valid: It does not expire
Required for trusted browsers to function properly.
collect-bank-#
Valid: It does not expire
usłudze Collect. Remembers the last chosen bank in the Collect service.
collect-country-#
Valid: It does not expire
Remembers the last chosen country in the Collect service.
collect-currency-#
Valid: It does not expire
Remembers the last chosen currency in the Collect service.
social_offer_top20_currency-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (Top 20 List).
social_offer_exchange_buy_fc-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (First currency to buy).
social_offer_exchange_buy_sc-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (Second currency to buy).
social_offer_exchange_sell_fc-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (First currency to sell).
social_offer_exchange_sell_sc-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (Second currency to sell).
#-service-popup
Valid: It does not expire
Remembers choosing "Do not show this message again." when changing providers.
missing-required-fields-form-#
Valid: It does not expire
Records information that the missing data form has been shown to the user.
EUR/USD stronger in the morning. The market is waiting for the ECB decision (13.45 CET), the ECB conference at 14.30 CET and FED minutes at 20.00 CET
The economic data which hit the market yesterday were mainly positive. Both the ADP employment report and the ISM service index were better then the forecast, but it didn't spur much action. The market finished the day virtually unchanged and seemed to „be waiting” for the Thursday data from central banks. Today we will probably witness much higher volatility (especially during the ECB conference and the FOMC minutes). I am not expecting any changes concerning the benchmark rate . Also I don't see much chance that the ECB will implement some more non-standard measures (i.e. negative deposit rate). It will be worth though to listen closely the conference with Mario Draghi. He will probably unveil some details about the OMT programme.
We should also not to forget about the FOMC minutes. It was the 12-13 September meeting when Ben Bernanke launched another QE. Investors will seek in the protocol if the Chairman has some more tools to use. The market speculates that there can be some discussions about special bank loans directed exclusively for companies and individuals or ideas concerning lowering the deposit rate to 0%. Traders will also try to evaluate if the protocol is as dovish as was the conference in mid September.
The EUR/USD market is pretty keen to rise from the early morning. The risk on mood should be able to inflate the Eurodollar to the levels above 1.3000.
Technically the EUR/USD is bullish. We did close the day above 23.6% of the Fibonacci retracement level. We are still about the uptrend line and two main moving averages (50 and 200 days). The base scenario is the move around 1.3030 till the end of the week. If the EUR/USD bounce back from the current levels we can slide to the support level of 1.2780-12800.
The economic data which hit the market yesterday were mainly positive. Both the ADP employment report and the ISM service index were better then the forecast, but it didn't spur much action. The market finished the day virtually unchanged and seemed to „be waiting” for the Thursday data from central banks. Today we will probably witness much higher volatility (especially during the ecb conference and the FOMC minutes). I am not expecting any changes concerning the benchmark rate . Also I don't see much chance that the ecb will implement some more non-standard measures (i.e. negative deposit rate). It will be worth though to listen closely the conference with Mario Draghi. He will probably unveil some details about the OMT programme.
We should also not to forget about the FOMC minutes. It was the 12-13 September meeting when Ben Bernanke launched another QE. Investors will seek in the protocol if the Chairman has some more tools to use. The market speculates that there can be some discussions about special bank loans directed exclusively for companies and individuals or ideas concerning lowering the deposit rate to 0%. Traders will also try to evaluate if the protocol is as dovish as was the conference in mid September.
The EUR/USD market is pretty keen to rise from the early morning. The risk on mood should be able to inflate the Eurodollar to the levels above 1.3000.
We did see quite a movement on the polish pairs. Thanks to keeping the benchmark rate unchanged by the National Bank of Poland the PLN appreciated by 0.03 PLN to EUR and 0.02 PLN to USD. Today in the morning due to low risk aversion we did add another 0.01 PLN to the value of zloty. I don't expect the further appreciation of the polish pairs regarding the council decision. I will rather see that the PLN return to the correlation with Polish bonds, EUR/USD and the US stock market. Additionally if we go through the protocol of the monetary policy council (RPP) we can easily see that the decision of lowering the benchmark rate is imminent. The RPP just waits for the new inflation projection which probably will show that the inflation comes back to the target in the first half of 2013.
Technically the EUR/USD is bullish. We did close the day above 23.6% of the Fibonacci retracement level. We are still about the uptrend line and two main moving averages (50 and 200 days). The base scenario is the move around 1.3030 till the end of the week. If the EUR/USD bounce back from the current levels we can slide to the support level of 1.2780-12800.
There is an interesting situation on the EUR/PLN. We did bounce back from the 23.6% Fibonacci retracementt and also broke downside the 50 days moving average. The target for the EUR/PLN is the level of 4.0500. The alternate scenario is coming back to the strong resistance level of 4.1250 (downtrend line and the Fibonacci level).
USD/PLN did make another step in the continuation of the downtrend. It is moving further form the resistance level of 3.1800-3.2200. The probability is getting higher that we will test the lows of the year around 3.0800-3.1000. The alternative scenario is coming back to the 3.2000 level.
Subscribe to our currency newsletter
See also:
Komentarz walutowy z 03.10.2012
Attractive exchange rates of 28 currencies
Live rates.
Update: 30s
Open your free account today
Save your time and money. Create an account for free and discover how much you can gain. Join us today, and start using attractive currency services.
Create free account