Market was all about risk appetite this Thursday, with stocks soaring and dollar sinking across the board. Ahead of Chinese GDP data to be released early Friday, rumors hit the wires that the reading will be well above expectations; US deficit shrank while FED officers provide the usual jawboning on modest recovery and no current need of more monetary easing. The EUR/USD hourly chart shows price consolidating recent gains below the 1.3200 mark, with indicators losing momentum in overbought levels. 20 SMA heads south below current price suggesting the downside will remain limited while in the 4 hours chart price is ... (full story)