Stocks surge on central bank support

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    First, Super Mario (Draghi) came to the rescue. Now the People’s Bank of China has eased its policy further, cutting its reserve requirement ratio by 0.5% and the benchmark deposit and lending rates by 0.25%. This is music to the ears of the stock market bulls. Indeed, the European markets, which absolutely surged higher on Thursday, have sharply extended their gains today. In addition to the central bank support, latecomers are joining the rally and the sellers are continuing to forcefully or

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