Thursday, January 10, 2013

FX Market True Colors!


Euro surges after ECB Draghi's comments
As most analyst have have been expecting a no action from the ECB, the disappointment came as a more positive stance taken by ECB President Mario Draghi without mentioning the rate reduction have boosted the EURUSD to its intraday high @1.3195. Although, the 1.3305/10 also serves as the initial cap where a resistance is set for the near term however, market sentiments may change depending on momentum and volumes as a probable retest of these highs would not be discounted.'
The EURUSD rally have influenced...

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