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ECB No Surprises – where is the EUR to go?
Finally, the market is atop of the two major market event risks this week – this morning’s ECB press conference with President Draghi (13:30GMT) and tomorrow’s U.S NFP details. Investors are expected to get the biggest bang for their ‘buck’ from tomorrow’s U.S employment details rather than today’s Euro policy soiree in a few hours. The ECB has too many moving parts left unattended, while the payrolls number will be neat, clinical and delivered with no appendages, allowing investors to react to the market headline. The Eurozone economy has been flagging (growth and inflation expectations have been ... (full story)
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