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EUR: Sell The Mystery, Buy The History
One day down from a heavy week of expected hard-hitting data and rate decisions. The forex market continues to chug along, with investors keeping their eye on this weeks two key events – Thursday's ECB's rate decision and Friday's US jobs report. The market continues to lean towards Draghi delivering bold action to combat Euro deflationary risks and boost Euros tepid growth prospects. But, will Euro policy makers put into practice their strong rhetoric of late? That is the million-dollar question. If Draghi and company fail to do so on June 5th, then the ECB's credibility is 'damned' – resulting in the market ... (full story)