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Forexlive Americas FX news wrap: Draghi smashes the euro

Discussion in 'Market News' started by ForexLive, Oct 22, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Forex news for US trading on Oct 22, 2015: - S&P 500 up 32 points to 2051 - Gold down $1 to $1165 - WTI crude up 31-cents to $45.51 - Italy 10-year yields down 15 bps to 1.45% Draghi talked about increasing QE, cutting deposit rates further and put it all on the table for the December meeting. The result was dramatic as EUR/USD immediately fell about 80 pips to 1.1240 and the continued to grind lower throughout the day, falling as low as 1.1109, below the 200-dma but a shade above the Sept low of 1.1105. Those are the two short term levels to watch.

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