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DAX leads European stocks higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    So much has been said of the narrowing stock market breadth and lofty valuations in the US, but the major indices there are still looking stable and may even eke out small gains for the year. In the Eurozone, the indices, such as Germany’s DAX, have been more resilient this year, undoubtedly because of the ECB’s efforts to help stimulate the still-limping Eurozone economy. The widening of the short-term yield spreads between the Eurozone and US bonds, and the resulting weaker EUR/USD exchange

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