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A Dovish Draghi Knocks EUR/JPY from Resistance
A Dovish European Central Bank overnight left their €1.7 trillion stimulus program on hold. Keeping some their options open come December, it’s an interesting little double alignment with the Fed expected to make their move in the opposite direction that same month. Did someone say opportunity?! Focussing back ont the present In fine Super Mario Draghi style, the major issues were pretty much tiptoed around. “Sometimes it’s also important to say what we did not discuss. And we didn’t discuss tapering or the intended horizon of our asset purchase program.” While there are still a plethora of options left ... (full story)