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DJI, S&P and NASDAQ clocked more than 1% gains
overnight in anticipation of the QE extension by the ECB. Markets are
pricing this expectation to the extent that EUR has already started to
climb. Has the “sell on fact” begun on the fact or is it something more? It
seems that investors have come to realize that ECB Draghi’s quantitative
easing program has been supportive of the European banking sector, the
Eurozone area economy and thus, the EUR itself...
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