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Forex pairs in this Article » EUR/USD (Athens) - Danske Bank analysts notes that improving economic data out of the eurozone and mixed economic data out of the US were not enough to send EUR/USD much higher - not even as the US government shutdown drags on.

Key Quotes

“As we argued yesterday this is the type of market environment that has the potential to trigger an overshoot in EUR/USD and we maintain our 1.37 1M forecast from late September - even as sentiment has already become fairly bullish (indicating that trading accounts are already quite long EUR/USD).”

“It is interesting to note that option market volatility has not really increased during the US government shutdown. Rather, 3-month volatility of the G7 currencies has fallen back to 8.6%, which is close to the past month's low.”
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