Ride the tide, baby!
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Europe close to panic mode
The ECB and Bank of England are likely to strike a dovish tone at this week’s policy meetings and it would be no surprise if both decided on fresh policy action in an attempt to buy more time for an underlying policy shift. Both the Euro and Sterling are likely to weaken ahead of Thursday’s policy decisions. Timing remains critical, but any near-term corrective recovery over the next 24 hours should be seen a s a selling opportunity, especially with an underlying cyclical and structural dollar strengthening. ECB President Draghi will no doubt note with some irony that Italian developments have helped push the ... (full story)
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- p1p5urfer
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- John Gray
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Even the worst trade can close with profit. Just give it time.
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