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Too much expectation from Draghi, Risk of a short-covering rally in EUR and correction in DAX

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Richard Perry, Market Analyst at Hantec Markets, joined Zak Mir, Technical Analyst at Zak’s Traders Café, to discuss the ECB action and the risk ahead in EUR/USD and DAX. Perry outlined the movement in German 2-year Shatz yields, noting that they were pricing in around 15-20 bps of cut by the ECB today. While the expectations from Draghi are strong in today’s press conference, Perry believes that the ECB will find it difficult to stand upto the market expectations, and hence there’s a

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