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DAX surges on speculation ECB will surprise next week

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    It might be a data-void session and investors in the US are away for Thanksgiving holiday, but European stocks are again in a rally mode, following on from yesterday's strong gains. Evidently, traders are speculating that a beefed-up version of ECB QE is forthcoming in a week’s time, so they are buying benchmark government bonds, causing yields to fall further into the negative. The resulting lower yields and weaker euro is boosting the appeal of European stocks, especially of exporting

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