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Another choppy and heavy session marked Thursday’s trading as highly volatile on the back of geopolitical and economic headlines.
ECB’s president Draghi re-cited downside risks and low inflation, BoJo pushed for an early election, hitting back at Labor. Finally, Mike Pence, US Vice President, delivered a worrisome US-Sino speech.
Meanwhile, US data were mixed, with bearish momentum offsetting upbeat data and vice versa. Regardless, gold did make a move for a number of reasons.
“Arrivederci” speech Shapes Fresh Declines
The euro fell across the board following Mario’s speech yesterday at his last policy meeting. The now-former President reiterated September’s dovish policy language.
With Europe’s growth outlook stuck and inflation stuck ECB’s accommodative policy will remain unchanged at least until Lagarde’s first speech.
EURUSD Test Below 1.11 Hints t...
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